solution manual for financial accounting fundament
solution manual for financial accounting
solution manual for financial
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Financial Accounting Fundamentals
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Solution Manual For
Financial Accounting Fundamentals, 8th
Edition By John Wild
Chapter 1-13 with appendix B&C
Chapter 1
Accounting in Business
QUICK STUDIES
Quick Study 1-1 (10 minutes)
1. f Artificial Intelligence
2. c Recording
3. h Recordkeeping (bookkeeping)
Quick Study 1-2 (10 minutes)
a. External user g. External user
b. External user h. External user
c. External user i. Internal user
d. External user j. External user
e. Internal user k. External user
f. External user l. External user
,1. Principle 3. Assumption
2. Assumption 4. Principle
Quick Study 1-5 (10 minutes)
Attribute Present Proprietorship Partnership Corporation LLC
1. Business taxed no no yes no
2. Limited liability no no yes yes
3. Legal entity no no yes yes
Quick Study 1-6 (10 minutes)
1. Revenue recognition principle
2. Measurement (cost) principle
3. Business entity assumption
a. Balance sheet e. Balance sheet
b. Statement of cash flows f. Statement of cash flows
c. Balance sheet g. Income statement
d. Income statement h. Balance sheet
Quick Study 1-13 (5 minutes)
1. Expenses 4. Dividends 7. Expenses
2. Revenues 5. Expenses 8. Revenues
3. Expenses 6. Revenues
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