The most widely used text in intermediate accounting, this 6th edition has been updated and refined, while retaining the traditional strengths of previous editions: accuracy, comprehensiveness, student acceptance, supporting materials, and quality and quantity of end-of-chapter material. It incorporates all FASB pronouncements through October 1988, and includes many new exercises and problems, updated illustrations and excerpts, a new software supplement using Lotus 1-2-3, and a revised pensions chapter.