Liberty University ACCT 370 Quiz 1 Power answer
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Exam (elaborations) Liberty University ACCT 370 Quiz 1 Power answer
- Exam (elaborations) • 46 pages • 2021
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Exam (elaborations) Liberty University ACCT 370 Quiz 1 Power answer 
Liberty University ACCT 370 Quiz 1 Power answer 
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When adjusting accrual earnings to obtain cash flows from operations, an increase in 
Prepaid Rent Expense is subtracted to arrive at cash flow from operations. 
The Barden Company provides the following trial balance as of December 
31, 20X1. 
Debit Credit 
Cash and cash equivalents $345,000 
Accounts receivable 115,000 
Inventory 120,000 
Prepaid insurance 7,50...
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