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ACC 212 CHAPTER 3 PRACTICE PROBLEMS OVERVIEW QUESTIONS WITH ACTUAL SOLUTIONS.
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ACC 212 CHAPTER 3 PRACTICE PROBLEMS OVERVIEW QUESTIONS WITH ACTUAL SOLUTIONS.
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ACC 212 CHAPTER 3 PRACTICEPROBLEMS OVERVIEW QUESTIONS
WITH ACTUAL SOLUTIONS
Issue vvcommon vvstock vvin vvexchange vvfor vvcash vv- vvAnswer vvIncrease vvin vvAssets,
vvNo vveffect vvon vvLiabilities, vvIncrease vvin vvStockholders' vvEquity
Purchase vvinventory vvon vvaccount vv- vvAnswer vvIncrease vvin vvAssets, vvIncrease vvin
vvLiabilities, vvNo vveffect vvon vvStockholders' vvEquity
Provide vvservices vvto vvcustomers vvon vvaccount vv- vvAnswer vvIncrease vvin vvAssets,
vvNo vveffect vvon vvLiabilities, vvIncrease vvin vvStockholders' vvEquity
Borrow vvmoney vvfrom vvthe vvbank vvto vvpurchase vva vvbuilding vv- vvAnswer vvIncrease
vvin vvAssets, vvIncrease vvin vvLiabilities, vvNo vveffect vvon vvStockholders' vvEquity
Pay vvfor vva vvyear vvof vvhealth vvinsurance vvfor vvemployees vv- vvAnswer vvNo vveffect vvon
vvAssets, vvNo vveffect vvon vvLiabilities, vvNo vveffect vvon vvStockholders' vvEquity
Provide vvservices vvto vvcustomers vvfor vvcash vv- vvAnswer vvIncrease vvin vvAssets, vvNo
vveffect vvon vvLiabilities, vvIncrease vvin vvStockholders' vvEquity
Repay vvloan vvfrom vvthe vvbank vv- vvAnswer vvDecrease vvin vvAssets, vvDecrease vvin
vvLiabilities, vvNo vveffect vvon vvStockholders' vvEquity
Receive vvcash vvfrom vvcustomers vvin vv(3) vvabove vv- vvAnswer vvNo vveffect vvon
vvAssets, vvNo vveffect vvon vvLiabilities, vvNo vveffect vvon vvStockholders' vvEquity
Pay vvfor vvinventory vvpurchased vvin vv(2) vvabove vv- vvAnswer vvDecrease vvin vvAssets,
vvDecrease vvin vvLiabilities, vvNo vveffect vvon vvStockholders' vvEquity
Electrician vvestimated vvcost vv- vvAnswer vv$1,500 vvfor vvrepair vvservices
Payment vvat vvthe vvtime vvof vvservice vv(Laker vvBakery) vv- vvAnswer vvSeptember vv4:
vvcash vvdown, vvexpense vvup vv(SE vvDown)
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