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Accounting in Action. The Recording Process. Adjusting the Accounts. Completion of the Accounting Cycle. Accounting for Merchandising Operations. Inventories. Accounting Principles. Internal Control and Cash. Accounting for Receivables. Plant Assets, Natural Resources, and Intangible Assets. Liabilities. Corporations: Organization, Stock Transactions, Dividends, and Retained Earnings. Investments. The Statement of Cash Flows. Financial Statement Analysis. Appendix A: Specimen Financial Statements: Lands' End, Inc. Appendix B: Specimen Financial Statements: Abercrombie & Fitch Co. Appendix C: Time Value of Money. Appendix D: Payroll Accounting. Appendix E: Subsidiary Ledgers and Special Journals. Appendix F: Other Significant Liabilities.