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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Related Book For
Financial Accounting Text Only
ISBN: 9780006575405
5th Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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