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A business owes an worker for operate done all through The existing accounting time period. The amount owed is $600. This sum will not be compensated until eventually another accounting period. In the current period of time, exactly what is the influence of this event on revenue?
A corporation pays the stockholders a dividend of $seven hundred through The present accounting time period. What is the impact on the Earnings Assertion from this entry?
On the final working day on the month, a business gets its electrical utility Invoice for the current thirty day period. The corporation makes use of the accrual method of accounting for all transactions. Exactly what is the effect on cash and profits on account of the arrival of the Invoice?
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