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Financial accounting HBX Core ( module 1-4) with complete solutions.
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Financial accounting HBX Core ( module 1-4) with complete solutions.
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Financialaccounting HBX
Core ( module 1-
4) with complete
solutions
Materiality - answer A principle that impacts
the desicion making of those who are using
financial data
Expenses and assets - answer What increases
with debit?
Deferred revenue - answer Liability that
represent that you should provide a service
when you have already received the money
, T-accounts - answer Simplified version of
ledger accounts
Prepared insurance - answer Increases
prepared insurance (asset) and decreases
cash
Prepaid expense - answer Asset that
represents the right to receive goods and
services
Asset - answer PP&E, Investment belong to...
Current assets - answer Accounts receivable,
other receivables, prepaid expenses, and
cash
Non-current assets - answer Equipment, net,
software
Current liabilities - answer Accounts payable
and accused expenses
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