11th edition Financial Accounting W. Steve Albrecht PhD, CPA, CIA, CFE Brigham Young University ••• Earl K. Stice PhD Brigham Young University ••• James D. Stice PhD Brigham Young University This page intentionally left blank 11th edition Financial Accounting W. Steve Albrecht PhD, CPA, CIA, CFE Brigham Young University ••• Earl K. Stice PhD Brigham Young University ••• James D. Stice PhD Brigham Young University Australia • Brazil • Japan • Korea • Mexico • Singapore • Spain • United Kingdom • United States About the Authors iii Financial Accounting, Eleventh Edition © 2011, 2008 South-Western, Cengage Learning W. Steve Albrecht, Earl K. Stice, and James D. Stice ALL RIGHTS RESERVED. No part of this work covered by the copyright herein may be reproduced, transmitted, stored, or used in any form or by any means graphic, electronic, or mechanical, including but not limited to photocopying, recording, scanning, digitizing, taping, web distribution, information networks, or information storage and retrieval systems, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the publisher. Vice President of Editorial, Business: Jack W. Calhoun Publisher: Rob Dewey Executive Editor: Sharon Oblinger Developmental Editor: Krista Kellman Editorial Assistant: Julie Warwick Marketing Manager: Natalie Livingston Marketing Coordinator: Heather Mooney Marketing Communications Manager: Libby Shipp For product information and technology assistance, contact us at Cengage Learning Customer & Sales Support, 1-800-354-9706 For permission to use material from this text or product, submit all requests online at www.cengage.com/permissions Further permissions questions can be emailed to
[email protected] Senior Content Project Manager: Diane Bowdler Media Editor: Amir Nasiri Frontlist Buyer, Manufacturing: Doug Wilke Production Service: LEAP Publishing Services, Inc. Compositor: Knowledgeworks Global Limited Senior Art Director: Stacy Shirley Internal Designer: Beckmeyer Design Cover Designer: Beckmeyer Design ExamView® is a registered trademark of eInstruction Corp. Windows is a registered trademark of the Microsoft Corporation used herein under license. Macintosh and Power Macintosh are registered trademarks of Apple Computer, Inc. used herein under license. © 2008 Cengage Learning. All Rights Reserved. Cengage Learning WebTutor™ is a trademark of Cengage Learning. Library of Congress Control Number: 2009942075 ISBN-13: 978-0-538-74695-3 ISBN-10: 0-538-74695-5 Text Permissions Acquisitions Manager: Roberta Broyer South-Western Cengage Learning 5191 Natorp Boulevard Mason, OH 45040 USA Photo Permissions Acquisitions Manager: Deanna Ettinger Cengage Learning