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hool of Business, Sun Y at-sen University L 2 Economic Transactions and Accounting equation Exercises 1. Lion Company had a net cash inflow of $80,000 from operating activi
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Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University L 3 Analyzing and Recording Accounting Transactions Exercises 1. Identify the effects, if any, of each of the following items of information on assets
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Task Team of FUNDAMENTAL ACCOUntING Lesson 4 Adjusting Accounts for Financial Statement Exercise David Company has the following information at the year-end for the preparation of adjusting Of the $10000 balance in unearned revenue. $7000 has been earned
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Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University Lesson 5 Completing the Accounting Cycle Closing entries An adjusted trial balance for Mariposo, Inc, at December 31 appears below MARIPOSO. INC
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Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University Lesson 6 Accounting for Merchandising Activities Exercise Calculation and Analysis Problems 1. OSu Co. is an office-supply store. The company uses a perpetual inventory system, records
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ACCOUntING hool of Business, Sun Y at-sen University Lesson 7 Merchandise Inventories and cost of sales Exercise Calculation and Analyzing Problems 1. The perpetual inventory records of LIBY HOUSEHOLD show 150 units of a particular
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Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University Lesson 8 Accounting Information System Exercise Matching For each numbered item, choose the appropriate journal and write the identifying letter Bought merchandise on accou
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Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University Lesson 9 Financial Statements excises 1. The following financial statement information is known about five separate proprietorships Company Company Company Company Company December 31. 2001
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Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University Lesson 10 Understanding and Using financial Statements Exercise Short answer questions 1. What are the possible decisions that can be made with the use of financial analysis? Answer: Share investment decisions. This
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Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University Lesson 11 Understanding Accounting Standards Exercise Short answer questions 1. Please illuminate the demand for theory and give specific examples from your personal experienc
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