CHAPTER 7 WEEKLY OBJECTIVES
ESSENTIAL QUESTIONS:

What is the importance of ethical decision-making and conduct in a business scenario related to accounting?

What are the accounting concepts and practices that are related to preparation of financial statements for a service business orgainized as a proprietorship?

How does one prepare an income statement and balance sheet for a service business orgainized as a proprietorship?

How does one analyze an income statement using component percentages?

STATE STANDARDS: PAI-3 a, PAI-4 k, PAI-8e-g, and PAI-9 b