7-1 Preparing an Income Statement
THE SPOTLIGHT: "What are the four sections of an Income Statement?, What is the formula for calculating the total expenses and net income component percentages?"

Printout the handout that is listed on tomorrow's date and place it in your folder.

Read the American Eagle Outfitters article found on page 179. Be prepared to discuss answers to the Critical Thinking questions.

FEATURE PRESENATION: Open the Chapter 7 Character Counts file and together read and discuss the issues brought-up.

Together go through the 7.1 PP. Make sure to fill-out a QRG card for each of the vocabulary words for this section.

Together complete Work Together 7.1. On your own complete Application Problem 7-1 page 194. Make sure to submit work for a grade.

COMING ATTRACTION/HOMEWORK: Your Chapter 7 test will be in a few days. Make sure to check the class calendar for the specific date.