LibraryP irate
, LibraryP irate
Financial Reporting,
Financial Statement Analysis,
and Valuation
A Strategic Perspective
7e
James M. Wahlen
Professor of Accounting
James R. Hodge Chair of Excellence
Kelley School of Business, Indiana University
•
S t e p h e n P. B a g i n s k i
Herbert E. Miller Professor of Accounting
J.M. Tull School of Accounting
Terry College of Business, The University of Georgia
•
M a r k T. B r a d s h a w
Associate Professor of Accounting
Carroll School of Management
Department of Accounting, Boston College
Australia • Brazil • Japan • Korea • Mexico • Singapore • Spain • United Kingdom • United States
Copyright 2010 Cengage Learning, Inc. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part.
,This ia an electronic version of the print textbook. Due to electronic rights
restrictions, some third party may be suppressed. Edition
review has deemed that any suppressed content does not materially
affect the over all learning experience. The publisher reserves the
right to remove the contents from this title at any time if subsequent
rights restrictions require it. For valuable information on pricing, previous
editions, changes to current editions, and alternate format, please visit
www.cengage.com/highered to search by ISBN#, author, title, or keyword
for materials in your areas of interest.
,HLEN-09-1211-FM.qxd:. 6/30/10 3:21 PM Page ii
Financial Reporting, Financial © 2011, 2007 South-Western, Cengage Learning
Statement Analysis, and Valuation: A
Strategic Perspective, Seventh Edition ALL RIGHTS RESERVED. No part of this work covered by the
copyright herein may be reproduced, transmitted, stored, or used
James M. Wahlen, Stephen P. Baginski, in any form or by any means graphic, electronic, or mechanical,
Mark T. Bradshaw including but not limited to photocopying, recording, scanning,
digitizing, taping, web distribution, information networks, or
Vice President of Editorial, Business:
information storage and retrieval systems, except as permitted
Jack W. Calhoun
under Section 107 or 108 of the 1976 United States Copyright
Publisher: Rob Dewey Act, without the prior written permission of the publisher.
Sr. Acquisitions Editor: Matthew Filimonov
Sr. Developmental Editor: Craig Avery For product information and technology assistance, contact us at
Cengage Learning Customer & Sales Support, 1-800-354-9706
Editorial Assistant: Ann Mazzaro
For permission to use material from this text or product,
Marketing Manager: Natalie Livingston
submit all requests online at www.cengage.com/permissions
Marketing Coordinator: Nicole Parsons Further permissions questions can be emailed to
Production Manager: Patricia Matthews Boies
Sr. Content Project Manager: Kim Kusnerak
Media Editor: Bryan England ExamView® is a registered trademark of eInstruction Corp.
Frontlist Buyer, Manufacturing: Doug Wilke Windows is a registered trademark of the Microsoft Corporation
Marketing Communications Manager: used herein under license. Macintosh and Power Macintosh are
Elizabeth Shipp registered trademarks of Apple Computer, Inc. used herein under
license.
Production Service: Cadmus/KGL
Compositor: KnowledgeWorks Global © 2008 Cengage Learning. All Rights Reserved.
Limited (KGL)
Sr. Art Director: Stacy Jenkins Shirley Library of Congress Control Number: 2010930107
ISBN-13: 978-0-324-78941-6
Internal Designer: Beckmeyer Design Inc./
ISBN-10: 0-324-78941-6
Itzhack Shelomi
Student Edition ISBN 13: 978-0-324-78942-3
Cover Designer: Itzhack Shelomi Student Edition ISBN 10: 0-324-78942-4
Cover Image: iStock Photo
Rights Acquisitions Specialist—Text: South-Western Cengage Learning
Deanna Ettinger 5191 Natorp Boulevard
Mason, OH 45040
USA
Cengage Learning products are represented in Canada by
Nelson Education, Ltd.
For your course and learning solutions, visit www.cengage.com
Purchase any of our products at your local college store or at our
preferred online store www.CengageBrain.com
Printed in the United States of America
1 2 3 4 5 6 7 14 13 12 11 10
Copyright 2010 Cengage Learning, Inc. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part.
, LibraryP irate
Financial Reporting,
Financial Statement Analysis,
and Valuation
A Strategic Perspective
7e
James M. Wahlen
Professor of Accounting
James R. Hodge Chair of Excellence
Kelley School of Business, Indiana University
•
S t e p h e n P. B a g i n s k i
Herbert E. Miller Professor of Accounting
J.M. Tull School of Accounting
Terry College of Business, The University of Georgia
•
M a r k T. B r a d s h a w
Associate Professor of Accounting
Carroll School of Management
Department of Accounting, Boston College
Australia • Brazil • Japan • Korea • Mexico • Singapore • Spain • United Kingdom • United States
Copyright 2010 Cengage Learning, Inc. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part.
,This ia an electronic version of the print textbook. Due to electronic rights
restrictions, some third party may be suppressed. Edition
review has deemed that any suppressed content does not materially
affect the over all learning experience. The publisher reserves the
right to remove the contents from this title at any time if subsequent
rights restrictions require it. For valuable information on pricing, previous
editions, changes to current editions, and alternate format, please visit
www.cengage.com/highered to search by ISBN#, author, title, or keyword
for materials in your areas of interest.
,HLEN-09-1211-FM.qxd:. 6/30/10 3:21 PM Page ii
Financial Reporting, Financial © 2011, 2007 South-Western, Cengage Learning
Statement Analysis, and Valuation: A
Strategic Perspective, Seventh Edition ALL RIGHTS RESERVED. No part of this work covered by the
copyright herein may be reproduced, transmitted, stored, or used
James M. Wahlen, Stephen P. Baginski, in any form or by any means graphic, electronic, or mechanical,
Mark T. Bradshaw including but not limited to photocopying, recording, scanning,
digitizing, taping, web distribution, information networks, or
Vice President of Editorial, Business:
information storage and retrieval systems, except as permitted
Jack W. Calhoun
under Section 107 or 108 of the 1976 United States Copyright
Publisher: Rob Dewey Act, without the prior written permission of the publisher.
Sr. Acquisitions Editor: Matthew Filimonov
Sr. Developmental Editor: Craig Avery For product information and technology assistance, contact us at
Cengage Learning Customer & Sales Support, 1-800-354-9706
Editorial Assistant: Ann Mazzaro
For permission to use material from this text or product,
Marketing Manager: Natalie Livingston
submit all requests online at www.cengage.com/permissions
Marketing Coordinator: Nicole Parsons Further permissions questions can be emailed to
Production Manager: Patricia Matthews Boies
Sr. Content Project Manager: Kim Kusnerak
Media Editor: Bryan England ExamView® is a registered trademark of eInstruction Corp.
Frontlist Buyer, Manufacturing: Doug Wilke Windows is a registered trademark of the Microsoft Corporation
Marketing Communications Manager: used herein under license. Macintosh and Power Macintosh are
Elizabeth Shipp registered trademarks of Apple Computer, Inc. used herein under
license.
Production Service: Cadmus/KGL
Compositor: KnowledgeWorks Global © 2008 Cengage Learning. All Rights Reserved.
Limited (KGL)
Sr. Art Director: Stacy Jenkins Shirley Library of Congress Control Number: 2010930107
ISBN-13: 978-0-324-78941-6
Internal Designer: Beckmeyer Design Inc./
ISBN-10: 0-324-78941-6
Itzhack Shelomi
Student Edition ISBN 13: 978-0-324-78942-3
Cover Designer: Itzhack Shelomi Student Edition ISBN 10: 0-324-78942-4
Cover Image: iStock Photo
Rights Acquisitions Specialist—Text: South-Western Cengage Learning
Deanna Ettinger 5191 Natorp Boulevard
Mason, OH 45040
USA
Cengage Learning products are represented in Canada by
Nelson Education, Ltd.
For your course and learning solutions, visit www.cengage.com
Purchase any of our products at your local college store or at our
preferred online store www.CengageBrain.com
Printed in the United States of America
1 2 3 4 5 6 7 14 13 12 11 10
Copyright 2010 Cengage Learning, Inc. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part.
