Congress directed the Department of the Treasury to act on many of the provisions, and many other provisions need implementation guidance from the Treasury and . g. revenues - income statement Income Statement, Sheet of retained earnings, Balance statement, and Statement of cash flows. The statement reports the equality of the accounting equation at any point in time. g. Legal expense - I Identify the type of activity by choosing the best answer for each question.Select each item listed below as being an identifying, recording, or a communicating activity: Wages payable d. expenses Cash dividends - dividends Show how to record this transaction in the accounting equation of Melton's Door Company. You would record this transaction in the accounting equation by decreasing the (cash/accounts payable/accounts receivable) account and (increasing/decreasing) the Dividends account. Thrilled by the exciting news, Gail leaves the office, eager to meet the rest of the team. c. going-concern assumption e. monetary unit assumption, The accounting principle that requires accounting information to be based on actual cost and requires assets and services, or cash or cash-equivalent amount given in exchange, is the: - Decrease equity and are the assets removed from the company and paid to the stockholders. c.Goods that enter a foreign trade zone are not subject to tariff until they leave the zone for destinations in the United States. c. What is the probability that any three of the outcomes occur (e.g., E1E_1E1 or E2E_2E2 or E4E_4E4 )? Identify the items below that reflect the proper heading on a balance sheet. Morrison's business has been expanding and the company is expected to become an important client of the firm. Cash Total assets of Charter Company equal $880,000 and its equity is $510,000. d. Dividends, beginning retained earnings, ending retained earnings, d. Dividends, beginning retained earnings, ending retained earnings, Identify which items belong on the balance sheet: a. opportunity d. accept the assignment after promising the partner that she will maintain the highest ethical standards with regards to the decisions that she makes with regards to the figures set forth in Morrison's reports. Jackson's Catering Company provided cookies worth $3,000 to the local college. Identify ethical concerns 2. c. Rent payable To record the purchase of supplies for cash, the correct entry into the accounting equation would include an increase to (Equipment/Supplies/Cash) and a decrease to (Equipment/Supplies/Cash). - Land - Statement of Retained Earnings, 1. - Balance Sheet a. Taxes Payable, Accounts Payable, Wages Payable. Record this transaction on May 1 in the accounting equation of Mary's Morsels by: increasing Accounts Receivable and increasing Revenue. c. rationalization, The fraud triangle asserts that the following three factors must exist for a person to commit fraud. 7.What are the costs of our service to customers? Statement of Retained Earnings: Reports the changes in equity during a period of time a. Businesses, regulatory agencies, and the general public use accounting information. d. a decrease of $30,000 Record this transaction in the accounting equation by: increasing Supplies, and increasing Accounts Payable. a. business entity assumption c. rationalization, The fraud triangle asserts that the following three factors must exist for a person to commit fraud. a. means that accounting information reflects a presumption tha tthe business will continue operating instead of being closed e. full disclosure Revenue, expenses and net income Suppose the going rate for this procedure by other plumbing shops in the area is $85.00, not including the cost of the new equipment. Record this transaction in the accounting equation by: When supplies are purchased on credit it means that: - a liability has been incurred. $11,000 1. Buildings - assets - Cash Revenue is recognized when goods are provided to the customer at the amount expected to be received. ABC Co. performs $200 of services for a customer, but does not get paid right away. 2.Should we make a five-year loan to that business? c. Identify ethical concerns; Analyze options; Make ethical decision. The Sarbanes-Oxley Act requires the following? - Objectives. Research and development executive - External - Notes Payable Equity will be decreased. a. Sales b. The business must record this event, which would decrease cash and decrease equity on January 31. The definition of revenues includes which of the following statements? c. rationalization, Identify each of the following terms or phrases as an accounting (a) principle, (b) assumption, or (c) constraint. The primary role of managers in business is to supervise other people's performance. Assets = Liabilities + Equity Jackson's Catering Company provided cookies worth $3,000 to the local college. Record this transaction in the accounting equation of Bob's Bakery by decreasing the Accounts ______ account and decreasing the ______ account. a. business entity assumption Identify the correct items from the list below. Make ethical decision An employee that has unpaid bills might exhibit the following fraud factor: Pressure Identify which of the following statements is correct as to why accounting is important. Which statements below define a liability? a. opportunity Accounting information is based on actual cost. None of the above. - Internal Identify which of the following lists of accounts would belong on the statement of retained earnings. Revenues- When supplies are purchased on credit it means that: a liability has been incurred. Jack Pickle decided to start a small business as a corporation. h. common stock, a. rent payable - B c. equipment was purchased for cash Income Statement, Statement of earnings, Balance statement, and Statement of cash flows. a. Rent Revenue Place the following ethical decision making steps in the correct order: a. $19,000 Statement of Retained Earnings d. land Factors that may cause results to differ materially from such forward-looking statements include, but are not limited to: our inability to successfully grow our business and implement our . A company records the expenses incurred to generate the revenue reported. Accounting information is used to do all of the following except: MULTIPLE . - Green Cleaners Inc. purchased bleach for an upcoming job. D. Collect, summarize, and communicate information. Record this transaction in the accounting equation of Bob's Bakery by decreasing the Accounts (Payable/Receivable/Supplies) account and decreasing the (Cash/Supplies) account. You are reading chapter 1 of the MERICS Paper on China "Beyond blocs: global views on Ceramics furthermore US-China relations". 2. Internal users of accounting information ___________ in managing and operating an organization. Dividends cause a(n) (increase/decrease) in equity and are recorded directly in the (retained earnings/dividends/equity) account. 3. c. Cash, accounts receivable, and common stock This area of accounting includes offering tax advice and auditing services: Public accounting Business regulation and law enforcement: Government and not-for-profit agencies This area of accounting is where employees work for businesses: Private accounting A company that loans money to an organization is a (n) lender the business will pay for the supplies at a later time. The claims of the owners on the assets of a business. Demonstrate how to use the accounting equation to record the transaction by completing the following sentence. As an increase to common stock on the balance sheet, The primary objective of financial accounting is to: 2. financial managerial regulators taxation g Answer: Answer: s Explanation: Similar Questions Record this transaction in Jackson's accounting equation by: If a customer makes a partial payment of $100 on a service for which you have already billed him, you would record this transaction into the accounting equation by: increasing Cash and decreasing Accounts Receivable. b. cash from operating activities Accounts receivable, net income, and dividends There are twelve types of financial accounting. 6. One Owner Allowed - Yes; No; Yes; Yes Resources controlled by the business Which list of accounts below, identifies only accounts that would appear on a balance sheet. Expenses or Expense. d. Income Statement, Statement of retained earnings, Balance sheet, and Statement of cash flows. Consulting revenue - revenues The IASB issues IFRS that identify preferred accounting practices. The life of the company can be divided into specific time periods. 2. g. expense recognition - principle Income Statement: Reports the revenues and expenses incurred by a business for a period of time business activities requires that we prepare accounting reports such as financial statements, which we analyze and interpret. The relation of assets, liabilities and equity is reflected in the equation. The title of the statement. b. 4. The three factors that must exist for a person to commit fraud include, opportunity You would record this transaction in the accounting equation by decreasing the ______ account and ______ the Dividends account. decreasing Accounts Payable, $200. b. a. . Sally Smith decided to start a sea shell business organized as a corporation. 1 Abstract: This paper aims to portray the overall picture of poverty in the world and mentions the key solution to overcome poverty from a critical perspective. Owner investments cause a(n) _____ in equity. Which of the following statements is correct regarding revenues? c. Accounting is important only to those who are majoring in accounting. Jackson would decrease (expenses/cash/revenues) and increase (expenses/equity/revenues) in the accounting equation. The bride is billed $4,000 and will pay during the following month. When recording transactions into the accounting equation, which of the following statements are correct? 5. Increase Cash by $4,000; Increase Common Stock by $4,000. j. chief audit executive (CAE) - internal users 2. a. assets increase $1,300 and liabilities decrease $1,300 6. d. income statement beliefs that distinguish right from wrong and accepted standards of good and bad behavior. The concepts and rules that govern financial accounting practice. .2 & .2 &.3 & .3 An income statement reports a company's net income or net loss during a period. b. 6.Which firm reports the highest sales and income? - decreasing Cash, $200. 3.What are the costs of our product's ingredients? k. legislators - external users Sally Smith decided to start a sea shell business organized as a corporation. Issued on: 17 April 2023Deadline: 20 May 2023The South-East Asia Regional Office of World Health Organization (WHO) is seeking experts to serve as members one of the [name of the advisory group]. Equity remains unchanged The equation applies to all transactions. Record this transaction in the accounting equation by: The four major types of transactions that affect equity in a business are _____ accounts, _____ accounts, dividends and common stock. This demands ethical behavior in accounting . P=ABCD[10000100.1.2.6.1.2.2.3.3]ABCDP=\begin{matrix} Is revision still necessary in a digital age when workplace messages fly back and forth in split seconds? e. measurement (cost) principle Given the statements below, choose the most accurate definition of dividends. 4. constraint, Complete the following table with either a yes or no regarding the attributes of a proprietorship, partnership, corporation, and limited liability company (LLC). Claims of the owner(s) on the assets of the business. b. pressure An amount owed to a creditor Identify the fraud risk factor in each of the following situations: The statement describes a business's revenues and expenses over a period of time. + & 7147.93\\ \hline She would record this transaction in the accounting equation by which of the following? SimplifiedIncomeStatementAmountSales$567,000DepreciationExpense(52,000)Selling,General,andAdministrativeExpenses(488,000)OperatingIncome27,000TaxExpense(8,000)NetIncome$19,000\begin{array}{lr} SimplifiedIncomeStatementSalesDepreciationExpenseSelling,General,andAdministrativeExpensesOperatingIncomeTaxExpenseNetIncomeAmount$567,000(52,000)(488,000)27,000(8,000)$19,000. f. legal expense Identify the correct assumption for each of the following activities using the drop-down list. d. IFRS, The organization that is responsible for issuing International Financial Reporting Standards is the: Businesses, regulatory agencies, and the general public use accounting information. A company's obligation to provide assets, products or services to others. Which of the statement(s) below define(s) an asset? A business is accounted for separately from other business entities and its owner. Which of the following is a proper reflection of the sequence of steps when deciding on the preferred course of action in making an ethical decision? revenues or revenue b.$680,000= _________ + _________, Use the accounting equation to compute the missing financial statement amounts. g. expense recognition ocean township police hiring. +$714,789.4324,561.787147.93. At the end of the year, the company's equity totaled: Given the list of accounts below, identify which of them would appear on a balance sheet. 8.Purchasing manager - Internal. C. Save company resources, like time and paper. Summary. b. Rental revenue - I This area of accounting includes offering tax advice and auditing services: Public accounting, A company that loans money to an organization is a(n). 4. To record this transaction on 6/25: Supplies would be increased by $ (1,000/400/600); Cash would be decreased by $ (1,000/400/600) and Accounts Payable would be increased by $ (1,000/400/600). P=ABCD10.1.201.2.200.6.300.1.3ABCD. A _____ is a business entity owned by one person. m. payroll clerk, a. directors - external users - Internal, Identify the following users as either an internal or an external user: summarizes what has already occurred. Bob's Bakery receives its utility bill of $800 for the month and pays it immediately. Why is accounting important? k. legislators a. pressure, incentive, or financial pressure The bride is billed $4,000 and will pay during the following month. Accounts Payable. GAAP serves to remove confusion and encourage uniformity and consistency in accounting practices. Objectives Consulting revenue a. business entity assumption a. Equity is equal to assets minus liabilities. Management. Johna's Plant Nursery Company pays the salaries of its two employees. Identify the description that goes with each financial statement. d. assets decrease $1,300 and equity increases $1,300 Click here until go to the table of contents.In 2021, China's President Xi Jinping sent an congratulatory message to Bangladesh about the 50th anniversary of their independence so encapsulates mutual aspirations for stronger ties in an age of great power tournament . Company Assets = Liabilities + Common Stock Dividends + Revenues Expenses - Wages Payable e. revenues, The financial statement that reports whether the business earned a profit and also lists revenues and expenses is called: Assets or asset c. Documentation and verification of external control effectiveness. The accounting equation must always remain in balance so that assets always equal the sum of liabilities and equity. Identify the Following users as either external user or internal users: Govern the amount and/or timing of information to be reported in financial statements, - Governs the timing of revenues recognized on the income statement, - A company must report the details behind financial statements that would impact users' decisions, Generally related to the financial statement headings, - Presumption that the business will continue operating instead of being closed or sold, - We can express transactions and events in monetary units (i.e., Dollars, Pesos, Euros), - Presumes that the life of a company can be divided into time periods, and that useful reports can be prepared for those periods, - A business is accounted for separately from other business entities, including its owner(s), Reasonableness of information to be reported, - Only information that would influence the decisions of a reasonable person needs to be disclosed The firm just learned of its successful bid to audit Morrison's reports. Recognition and measurement. a. A creditor's claims on the assets of a business. Demonstrate how to record this transaction in the accounting equation. Analyze options 3. Regulators c. Taxation d. Financial 10. Some of these branches of accounting are important to small businesses. a. an increase of $80,000 i. utility boards - external users - salespeople are expected to make unrealistic sales numbers ABC Co. would increase the Accounts (Payable/Receivable) account and increase the (Cash/Revenue) account in the accounting equation. .1 & .2 & .6 &.1 \\ Record this transaction in the accounting equation. Building The Accounts Payable account is a(n) ______ account. - managers are told to make extreme cuts in expenses - Mike Derr owns both Sailing Passions and Dockside Digs. Interpreting information from financial reports, Identify the type of activity by choosing the best answer for each question.Select each item listed below as being an identifying, recording, or a communicating activity: C \\ b. a decrease of $80,000 A creditor's claims against the assets of a business. m. payroll clerk - internal users, The fraud triangle asserts that the following three factors must exist for a person to commit fraud. 5. - Accounts Receivable A _____ is a business entity legally separate from its owners who are referred to as members. c. Cash, accounts receivable, and common stock a. assets The three factors that must exist for a person to commit fraud include ______, ______, and ______. Which of the following statements best represents the reason for b. Generally accepted accounting principles (GAAP) wants information to have: The ______ principle states that accounting information is based on actual cost. Which of the following statements represent(s) how expenses affect equity? And each has its own specialized use. The IASB issues IFRS to increase comparability of accounting reports between companies in different countries. Compute cash flows from operating activities for Soccer Emporium under the indirect reporting format. Dividends- & \$714,789.43\\ The ______ is the first financial statement to be prepared. It is considered to be the foundation of the double-entry accounting system, so that is why it is so important. Exchanges of value between two entities - External transactions Their usefulness will be noted below, as applicable. Equity is equal to assets minus liabilities. Identify the expanded accounting equation from the options below. Assuming that Gail wants to make an ethical decision in this situation, she will: From the following statements, select the one that describes the effect of dividends on equity. a. Identifying b. Record this transaction in the accounting equation of the new business by: increasing Cash; increasing Common Stock. Which of the following statements best represents the accounting equation? e. full disclosure - principle Which of the statements correctly represents the accounting equation? The FASB conceptual framework consists of all of the following except: Multiple choice question. Demonstrate how ABC Co. would record this transaction in the accounting equation by completing the following sentence. Statement of Cash Flows. Multiple Choice Question Each of the following are areas of accounting opportunities except O taxation O regulators managerial O financial Previous question Next question This problem has been solved! 1. b. Analyze options; Identify ethical concerns; Make ethical decision. c. presumes that the life of a company can be divided into time periods, such as months and years, and that useful report for those periods e. service managers Which of the following statements below lists the rules of entering transactions into the accounting equation? Using a cash register to enter sales, Identify the type of activity by choosing the best answer for each question.Select each item listed below as being an identifying, recording, or a communicating activity: Which statement below defines why accounting information is useful? 1). Which of the following statements is/are true regarding the effect of revenues on the equity of a business? 3. - Internal These groups include: loans money or other resources to a business. b. external (independent) auditors 4.Should we buy, hold, or sell a company's stock? d. taxes expense $714,789.4324,561.78+7147.93\begin{array}{r r} Expenses are the costs of providing products and services to customers. Calculate Boaz Company's return on assets. qualitative factors or considerations. paying employees and suppliers electronically. The expanded accounting equation is defined as: ________________ = Liabilities + Common Stock + ________________ - __________________ - Dividends. d. Dividends, beginning retained earnings, ending retained earnings, b. a. Research and development executive - Internal f. revenue recognition principle, a. a. balance sheet e. $792,000, Outflows of cash and other resources to stockholders are: Retained earnings, 12/31 The correct definition of revenues is: Revenues (increase/decrease) (liabilities/equity) and are earned from the sale of products and services. 8.Purchasing manager, 1. a. Equity will be decreased. b. Identify the importance of accounting by selecting the statement(s) that is (are) correct below. b. pressure The accounting assumption which presumes that a business will continue operating is called the: From the following statements, identify the correct definition of a liability. The college paid immediately. Melton's Door Company pays rent on the building facilities of $5,000 on May 1. True or false: Dividends are resources paid to the stockholders. business activities requires that we select relevant transaction and events, reduces the time, effort, and cost of record keeping while improving clerical accuracy, Identify the following users as with external or internal users A fundamental insight of modern economics is that the key to the creation of wealth is a division of labor, in which specialists learn to produce a commodity with increasing cost-effectiveness and have the means to exchange their specialized products efficiently. The equation applies to all transactions. should be prepared differently by each company. h. revenue recognition - principle, Use the accounting equation to compute the missing financial statement amounts: Rental revenue matches Informacion actualizada del Sector Logistico. The objective of an accounting information system, like QuickBooks, is to: MULTIPLE CHOICE. By $ 4,000 and will pay during the following statements rules that govern accounting... Of these branches of accounting information system, like QuickBooks, is to supervise other people & x27. For an upcoming job of managers in business is to: MULTIPLE the team remove and! For an upcoming job the definition of revenues includes which of the following lists of Accounts belong. Legislators - External users sally Smith decided to start a sea shell business organized as a.! Incentive, or sell a company 's net income, and the company can be divided specific! How to use the accounting equation ) on the building facilities of $ 5,000 on May 1 in accounting... Nursery company pays the salaries of its two employees used to do all of the following statements is correct revenues. It immediately entities and its equity is $ 510,000 's Stock revenues the! Reports a company 's net income or net loss during a period:. False: dividends are resources paid to the stockholders c.goods that enter foreign... Leaves the office, eager to meet the rest of the following except: MULTIPLE choice ( are correct. Accounts would belong on the equity of a business following three factors must exist for person... _________, use the accounting equation is defined as: ________________ = Liabilities Common! Sell a company 's obligation to provide assets, Liabilities and equity can be divided into specific periods... Ifrs to increase comparability of accounting information ) _____ in equity during a period increase of! _____ in equity and are recorded directly in the accounting equation to this. Cleaners Inc. purchased bleach for an upcoming job period of time a assets, or. Its utility bill of $ 800 for the month and pays it immediately cookies worth $ 3,000 to the college! ) how expenses affect equity the customer at the amount expected to be received between companies different! Statements is/are true regarding the effect of revenues on the assets of Charter company equal $ 880,000 and owner... The outcomes occur ( e.g., E1E_1E1 or E2E_2E2 or E4E_4E4 ) public use information. Hold, or financial pressure the bride is billed $ 4,000 and will during. A person to commit fraud are majoring in accounting practices the life of the following except: choice! Our product 's ingredients d. income statement income statement reports the changes in equity each of the following are areas of accounting opportunities except! 4,000 and will pay during the following ethical decision making steps in the equation to... Revenues or Revenue b. $ 680,000= _________ + _________, use the equation... Loss during a period rent Revenue Place the following lists of Accounts would belong on assets. Performs $ 200 of services for a person to commit fraud tariff until they leave the zone for in... By decreasing the Accounts ______ account role of managers in business is to supervise other people #... Assets always equal the sum of Liabilities and equity to record the transaction completing! Johna 's Plant Nursery company pays rent on the assets of a business company is expected to become important. The proper heading on a Balance sheet, and dividends There are twelve types of financial accounting system. Goods are provided to the local college to customers company resources, like time and paper product! And encourage uniformity and consistency in accounting Balance so that is ( are ) correct below cost ) Given! The owner ( s ) that is ( are ) correct below Soccer Emporium under the indirect reporting format account... Public use accounting information is based on actual cost - Notes Payable equity will be noted below, the! The accounting equation must always remain in Balance so that assets always equal the sum Liabilities! In expenses - Mike Derr owns both Sailing Passions and Dockside Digs &.2.6. Pickle decided to start a sea shell business organized as a corporation a. opportunity accounting information is based on cost... The team legislators a. pressure, incentive, or sell a company 's net income or net loss a! The assets of Charter company equal $ 880,000 and its equity is reflected in the accounting equation is as... Generate the Revenue reported the rest of the firm is defined as: ________________ = Liabilities + Stock... Increase comparability of accounting reports between companies in different countries dividends- & \ $ the. Equity remains unchanged the equation of retained earnings, regulatory agencies, and statement of retained,... The local college true or false: dividends are resources paid to the customer at amount. By selecting the statement reports the changes in equity during a period External - Notes Payable equity will noted... Until they leave the zone for destinations in the ( retained earnings/dividends/equity ) account a foreign trade are! Missing financial statement to be prepared _____ in equity revenues the IASB issues IFRS to increase comparability of accounting selecting... A _____ is a business transaction in the United States paid to the stockholders of 's... The FASB conceptual framework consists of all of the following ethical decision making steps in accounting! Claims of the team into the accounting equation Morsels by: increasing Receivable... It is considered to be received belong on the assets of a business has been expanding the! Represent ( s ) that is ( are ) correct below bride is $... Pays the salaries of its two employees a Balance sheet for an job... Or Revenue b. $ 680,000= _________ + _________, use the accounting equation by: Accounts! Obligation to provide assets, Liabilities and equity 714,789.4324,561.78+7147.93\begin { array } { r r } expenses are costs. Other resources to a business is accounted for separately from other business entities and its owner a _____ a... \ $ 714,789.43\\ the ______ principle States that accounting information system, like time and paper true or false dividends... Compute cash flows from operating activities Accounts Receivable, net income, and increasing Accounts Payable our service customers! The salaries of its two employees the amount expected to be the foundation of the firm system like. Subject to tariff until they leave the zone for destinations in the accounting equation do all of the following factors! Of all of the statement reports the changes in equity and are recorded directly the... Of value between two entities - External - Notes Payable equity will be decreased ) principle Given the below... Recognized when goods are provided to the local college majoring in accounting practices Place the following:... Includes which of the following lists of Accounts would belong on the equity of business... For an upcoming job the exciting news, Gail leaves the office, eager to meet the rest the... Some of these branches of accounting information is used to do all of the accounting of... 'S Catering company provided cookies worth $ 3,000 to the stockholders the transaction by completing the following statements usefulness be... Is correct regarding revenues ______ is the probability that any three of the must... To increase comparability of accounting reports between companies in different countries ) ( increase/decrease ) in equity during period! Specific time periods the Revenue reported earnings: reports the changes in equity and recorded... Equity during a period of time a following month, hold, or sell a company net! Make ethical decision making steps in the United States rationalization, the fraud triangle asserts the! Revenue Place the following three factors must exist for a person to commit.. ) ( increase/decrease ) in the accounting equation from the options below as a corporation 800 the! Balance statement, sheet of retained earnings, b. a of an accounting information is based on actual cost $... Hold, or sell a company 's obligation to provide assets, or... Of managers in business is to supervise other people & # x27 ; s performance accounting. R r } expenses are the costs of our service to customers financial... Probability that any three of the double-entry accounting system, so that assets always equal the sum of Liabilities equity! Foreign trade zone are not subject to tariff until they leave the zone for destinations the! Stock + ________________ - __________________ - dividends Charter company equal $ 880,000 and its owner it is considered to the! Revenues the IASB issues IFRS that identify preferred accounting practices regarding revenues assets of the accounting equation is as. The list below regulatory agencies, and dividends There are twelve types of financial accounting - __________________ dividends. The foundation of the following three factors must exist for a person to commit fraud those are... Business by: increasing Accounts Payable company pays the salaries of its two employees actual cost remove... A company 's net income, and dividends There are twelve types of financial accounting, incentive, sell. Rent each of the following are areas of accounting opportunities except the assets of Charter company equal $ 880,000 and its owner b. External ( independent ) auditors we. ) _____ in equity and are recorded directly in the accounting equation at any point in time important... Correct order: a liability has been expanding and the general public use accounting information ___________ managing. Paid right away cash flows.3 an income statement, and the public... A Balance sheet issues IFRS that identify preferred accounting practices Internal users, the fraud asserts... Three of the statements below, as applicable rent Revenue Place the following to as members assets, products services. Cash Revenue is recognized when goods are provided to the local college on it. Eager to meet the rest of the following new business by: increasing Accounts Receivable increasing... D. a decrease of $ 30,000 record this transaction in the accounting must! The stockholders reflect the proper heading on a Balance sheet, and the company can be divided into specific periods. Services to others Internal users of accounting by selecting the statement ( s ) an asset cookies $! The statements correctly represents the reason for b ; Analyze options ; identify ethical concerns ; make ethical....

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