C213 Accounting
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1.	What has had the most significant impact on account- Information tech- ing practices? 2.	What two items of information are revealed on the balance sheet? Choose 2 answers Ownership ,Debt, Expenses Revenues Costs 3.	Which situation should result in revenue recognition on the income statement for the year ending 12/31/14 if the firm is using accrual-basis accounting? -In 2014, a company enters into a contract whereby it agrees to provide services to a customer next year (2015). -In 2014, ...