,THE McGRAW-HILL 36-Hour Course
ACCOUNTING
,THE McGRAW-HILL 36-Hour Course
ACCOUNTING
Fourth Edition
Robert L. Dixon
Professor Emeritus of Accounting
School of Business Administration
University of Michigan
Harold E. Arnett
Professor of Accounting
School of Business Administration
University of Michigan
Howard Davidoff
Professor of Accounting, Law and Taxation
Department of Economics
City University of New York at Brooklyn College
, Copyright © 2007, 1993, 1982, 1976 by McGraw-Hill, Inc. All rights reserved.
Printed in the United States of America. Except as permitted under the United
States Copyright Act of 1976, no part of this publication may be reproduced or
distributed in any form or by any means, or stored in a database or retrieval
system, without the prior written permission of the publisher.
ISBN: 978-0-07-166201-7
MHID: 0-07-166201-4
The material in this eBook also appears in the print version of this title: ISBN:
978-0-07-148603-3, MHID: 0-07-148603-8.
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ACCOUNTING
,THE McGRAW-HILL 36-Hour Course
ACCOUNTING
Fourth Edition
Robert L. Dixon
Professor Emeritus of Accounting
School of Business Administration
University of Michigan
Harold E. Arnett
Professor of Accounting
School of Business Administration
University of Michigan
Howard Davidoff
Professor of Accounting, Law and Taxation
Department of Economics
City University of New York at Brooklyn College
, Copyright © 2007, 1993, 1982, 1976 by McGraw-Hill, Inc. All rights reserved.
Printed in the United States of America. Except as permitted under the United
States Copyright Act of 1976, no part of this publication may be reproduced or
distributed in any form or by any means, or stored in a database or retrieval
system, without the prior written permission of the publisher.
ISBN: 978-0-07-166201-7
MHID: 0-07-166201-4
The material in this eBook also appears in the print version of this title: ISBN:
978-0-07-148603-3, MHID: 0-07-148603-8.
All trademarks are trademarks of their respective owners. Rather than put a
trademark symbol after every occurrence of a trademarked name, we use names
in an editorial fashion only, and to the benefit of the trademark owner, with no
intention of infringement of the trademark. Where such designations appear in
this book, they have been printed with initial caps.
McGraw-Hill eBooks are available at special quantity discounts to use as
premiums and sales promotions, or for use in corporate training programs. To
contact a representative please e-mail us at .
This publication is designed to provide accurate and authoritative information in
regard to the subject matter covered. It is sold with the understanding that the
publisher is not engaged in rendering legal, accounting or other professional
service. If legal advice or other expert assistance is required, the services of a
competent professional person should be sought.
—From a Declaration of Principles Jointly Adopted by a Committee of the
American Bar
Association and a Committee of Publishers and Associations
TERMS OF USE
This is a copyrighted work and The McGraw-Hill Companies, Inc. (“McGraw-
Hill”) and its licensors reserve all rights in and to the work. Use of this work is
subject to these terms. Except as permitted under the Copyright Act of 1976 and
the right to store and retrieve one copy of the work, you may not decompile,
disassemble, reverse engineer, reproduce, modify, create derivative works based
upon, transmit, distribute, disseminate, sell, publish or sublicense the work or
any part of it without McGraw-Hill’s prior consent. You may use the work for
