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13.For stage 1, analyze the event, we have previously learned to analyze an event in three steps by asking: Are assets affected? Are liabilities affected?
13.For stage 1, analyze the event, we have previously learned to analyze an event in three steps by asking: Are assets affected? Are liabilities affected? Is the owners equity affected?Now we refine out event analysis by analyzing these three essential elements of each step:
a.Classification, valuation, application
b.Classification,valuation, timing
c.Interpretation,valuation, summarization
d.Confirmation, recordation, recognition
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