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26. The Hooper River Company makes three adjusting entries at 12/31/18: Depreciation $75 Accrued Revenue $40 Accrued Expense $100 Indicate the net effect of
26. The Hooper River Company makes three adjusting entries at 12/31/18: Depreciation $75 Accrued Revenue $40 Accrued Expense $100 Indicate the net effect of these three entries on Net Income and Working Capital, respectively: a. b. C. d. e. Decrease $135, Decrease $135 Decrease $135, Increase $40 Decrease $60, Decrease $60 Decrease $135, Decrease $35 Decrease $135, Decrease $60
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
0077664078, 978-0077664077, 78111048, 978-0078111044
