Explain how accountants measure income 2. Determine when a company should record revenue from a sale 3. Use the concept of matching to record the expenses for a period 4. Prepare an income statement and show how it is related to a balance sheet. Account for cash dividends and prepare a statement of stockholders' equity 5. Compute and explain earnings per share, priceearnings ratio, dividend-yield ratio, and dividendpayout ratio.
Original Description:
Original Title
Chapter 2 - Measuring Income to Assess Performance
Explain how accountants measure income 2. Determine when a company should record revenue from a sale 3. Use the concept of matching to record the expenses for a period 4. Prepare an income s…