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Study Guides for Wayne Thomas

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OUACCT 2113Wayne ThomasFall

ACCT 2113 Study Guide - Midterm Guide: Retained Earnings, Common Stock, Financial Accounting

OC9525104 Page
19
Cash+ prepaid rent+ equipment= notes payable+ common stock. Balance sheet accrual based accounting records revenue when it is earned and expenses are r
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OUACCT 2113Wayne ThomasFall

ACCT 2113 Study Guide - Midterm Guide: Contingent Liability, Intangible Asset, Matching Principle

OC9525102 Page
12
Higher ratios means company is more liquid also look at liquidity. Good will is an intangible asset, only recorded when one company buys another, and i
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