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q prior period adjustmentsa may only increase retained earningsb may only decrease retained earningsc may either increase or decrease retained
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1 a stock sells for 10 a share you purchase 100 shares for 1000 and after a year the prices rises to 1750 what will be the percentage of return on
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when a company sells a product for cash it generally recognize the revenue however there are situations when it is not always clear when a company
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vantage company issued bonds with a 500000 face value and a 6 stated rate of interest on january 1 2013 the bonds carried a 5-year term and sold for
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a company does not need to record the receipt of a bill for utilities used during this year if they will not pay for it until next year true or
1 think about the transactions listed belowa a company obtains a 10000 loan from a bankb a company purchases 15000 of inventory from its suppliers
natalie cashes in her us savings bonds and receives 520 which she deposits in her personal bank account journalize