Chapter 15-class Flashcards
total sales less sales sales discount and sales returns and allowances
net sales
original price of all merchandise sold during a fiscal period
cost of merchandising sold;cost of goods sold; cost of sales
revenue remaining after cost of merchandise sold has been deducted
gross profit on sales
comparison between two items of financial information
financial ratio
amount of net income after federal income tax belonging to a single share of stock
earnings per share
relationship between the market value per share and earnings per share of a stock
price-earnings ratio
financial statement that shows changes in a corporation’s ownership for a fiscal period
statement of stockholders’ equity
value assigned to a share of stock and printed on the stock certificate
par value
liabilities due within a year
current liabilities
liabilities owed for more than a year
long-term liabilities
report prepared to give details about an item on a principal financial statement
supporting schedule
