In February 2005, Maggie Sharrer invested $12,000 in Gardentech, Inc. Gardentech's accountant, Jori Aloisio, recorded this receipt

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In February 2005, Maggie Sharrer invested $12,000 in Gardentech, Inc. Gardentech's accountant, Jori Aloisio, recorded this receipt as an increase in cash and revenues.

Is this treatment appropriate? Why or why not?

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Financial Accounting Text Only

ISBN: 9780006575405

5th Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

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Question Posted: Jun 07, 2024 01:20 AM

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In February 2005, Maggie Sharrer invested $12,000 in Gardentech, Inc. Gardentech's accountant, Jori Aloisio, recorded this receipt

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Financial Accounting Text Only

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