, Final PDF to
Intermediate Accounting
ELEVENTH EDITION
J. DAVID SPICELAND
University of Memphis
MARK W. NELSON
Cornell University
WAYNE B. THOMAS
University of Oklahoma
JENNIFER WINCHEL
University of Virginia
,INTERMEDIATE ACCOUNTING
Published by McGraw Hill LLC, 1325 Avenue of the Americas, New York, NY 10121. Copyright ©2023 by McGraw Hill LLC. All rights reserved.
Printed in the United States of America. 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 consent of McGraw Hill LLC, including, but not limited to, in any network or other electronic
storage or transmission, or broadcast for distance learning.
Some ancillaries, including electronic and print components, may not be available to customers outside the United States.
This book is printed on acid-free paper.
1 2 3 4 5 6 7 8 9 LWI 27 26 25 24 23 22
ISBN 978-1-265-05747-3
MHID 1-265-05747-8
Cover Image: newroadboy/Shutterstock
All credits appearing on page or at the end of the book are considered to be an extension of the copyright page.
The Internet addresses listed in the text were accurate at the time of publication. The inclusion of a website does not indicate an endorsement by the
authors or McGraw Hill LLC, and McGraw Hill LLC does not guarantee the accuracy of the information presented at these sites.
mheducation.com/highered
spi57478_fm_ise.indd ii 10/11/21 01:49 PM
, Final PDF to
About the Authors
DAVID SPICELAND MARK NELSON
David Spiceland is Professor Emeritus in the School of Mark Nelson is the Anne and Elmer Lindseth Dean and Pro
Accountancy where he taught financial accounting at fessor of Accounting at Cornell University’s Samuel Curti
the undergraduate, master’s, and doctoral lev- Johnson Graduate School of Management. He
els for 36 years. He received his BS degree received his BBA degree from Iowa State
in finance from the University of Ten- University and his MA and PhD degrees
nessee, his MBA from Southern Illinois from The Ohio State University. Professor
University, and his PhD in accounting Nelson has won ten teaching awards,
from the University of Arkansas. including an inaugural Cook Prize from
David has published articles in a vari- the American Accounting Association.
ety of academic and professional jour- Mark’s research focuses on decision
nals, including The Accounting Review, making in financial accounting and Courtesy of Je
Courtesy of David
Spiceland
Accounting and Business Research, Jour- auditing. His research has been pub- Winter LLC
nal of Financial Research, Advances in lished in the Accounting Review;
Quantitative Analysis of Finance and Accounting, and the Journal of Accounting Research; Contemporar
most accounting education journals: Issues in Account- Accounting Research; Accounting, Organizations and
ing Education, Journal of Accounting Education, Society; and several other journals. He has received th
Advances in A ccounting Education, The Accounting American Accounting Association’s Notable Contri
Educators’ Journal, Accounting Education, The Jour- bution to Accounting Literature Award, as well as th
nal of Asynchronous Learning Networks, and Journal AAA’s Wildman Medal for work judged to make a sig
of Business Education, and he is an author of McGraw nificant contribution to practice.
Hill’s Financial Accounting with Wayne Thomas and Mark served three terms as an area editor of Th
Don Herrmann. Professor Spiceland has received uni- Accounting Review and is a member of the editoria
versity and college awards and recognition for his boards of several journals. He also served for four year
teaching, research, and technological innovations in the on the FASB’s Financial Accounting Standards Advisory
classroom. Council.
David enjoys cooking, spoiling his dogs and grand- Mark and his wife Cathy enjoy fitness and kayaking
children, and strolling on the beach with his wife, particularly on Ithaca’s Lake Cayuga, and spending tim
Charlene. with their daughters Liz and Clara.
ii
Intermediate Accounting
ELEVENTH EDITION
J. DAVID SPICELAND
University of Memphis
MARK W. NELSON
Cornell University
WAYNE B. THOMAS
University of Oklahoma
JENNIFER WINCHEL
University of Virginia
,INTERMEDIATE ACCOUNTING
Published by McGraw Hill LLC, 1325 Avenue of the Americas, New York, NY 10121. Copyright ©2023 by McGraw Hill LLC. All rights reserved.
Printed in the United States of America. 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 consent of McGraw Hill LLC, including, but not limited to, in any network or other electronic
storage or transmission, or broadcast for distance learning.
Some ancillaries, including electronic and print components, may not be available to customers outside the United States.
This book is printed on acid-free paper.
1 2 3 4 5 6 7 8 9 LWI 27 26 25 24 23 22
ISBN 978-1-265-05747-3
MHID 1-265-05747-8
Cover Image: newroadboy/Shutterstock
All credits appearing on page or at the end of the book are considered to be an extension of the copyright page.
The Internet addresses listed in the text were accurate at the time of publication. The inclusion of a website does not indicate an endorsement by the
authors or McGraw Hill LLC, and McGraw Hill LLC does not guarantee the accuracy of the information presented at these sites.
mheducation.com/highered
spi57478_fm_ise.indd ii 10/11/21 01:49 PM
, Final PDF to
About the Authors
DAVID SPICELAND MARK NELSON
David Spiceland is Professor Emeritus in the School of Mark Nelson is the Anne and Elmer Lindseth Dean and Pro
Accountancy where he taught financial accounting at fessor of Accounting at Cornell University’s Samuel Curti
the undergraduate, master’s, and doctoral lev- Johnson Graduate School of Management. He
els for 36 years. He received his BS degree received his BBA degree from Iowa State
in finance from the University of Ten- University and his MA and PhD degrees
nessee, his MBA from Southern Illinois from The Ohio State University. Professor
University, and his PhD in accounting Nelson has won ten teaching awards,
from the University of Arkansas. including an inaugural Cook Prize from
David has published articles in a vari- the American Accounting Association.
ety of academic and professional jour- Mark’s research focuses on decision
nals, including The Accounting Review, making in financial accounting and Courtesy of Je
Courtesy of David
Spiceland
Accounting and Business Research, Jour- auditing. His research has been pub- Winter LLC
nal of Financial Research, Advances in lished in the Accounting Review;
Quantitative Analysis of Finance and Accounting, and the Journal of Accounting Research; Contemporar
most accounting education journals: Issues in Account- Accounting Research; Accounting, Organizations and
ing Education, Journal of Accounting Education, Society; and several other journals. He has received th
Advances in A ccounting Education, The Accounting American Accounting Association’s Notable Contri
Educators’ Journal, Accounting Education, The Jour- bution to Accounting Literature Award, as well as th
nal of Asynchronous Learning Networks, and Journal AAA’s Wildman Medal for work judged to make a sig
of Business Education, and he is an author of McGraw nificant contribution to practice.
Hill’s Financial Accounting with Wayne Thomas and Mark served three terms as an area editor of Th
Don Herrmann. Professor Spiceland has received uni- Accounting Review and is a member of the editoria
versity and college awards and recognition for his boards of several journals. He also served for four year
teaching, research, and technological innovations in the on the FASB’s Financial Accounting Standards Advisory
classroom. Council.
David enjoys cooking, spoiling his dogs and grand- Mark and his wife Cathy enjoy fitness and kayaking
children, and strolling on the beach with his wife, particularly on Ithaca’s Lake Cayuga, and spending tim
Charlene. with their daughters Liz and Clara.
ii
