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Accounting for the Railroads in the United States employed four dialects of accounting. Match the situation with the accounting dialect. Railroads employed more and longer-lived
Accounting for the Railroads in the United States employed four dialects of accounting. Match the situation with the accounting dialect.
Railroads employed more and longer-lived lived equipment than previous enterprises. Hauling freight brought wear and tear to locomotives, rail cars and track. Accounting for gradually lost productive capacity, that eventually requires replacement, is the particular domain of this 1. Tax Accounting. dialect of accounting. Railroads generated cash 2. Financial Accounting. flow desired by the federal government and generated 3. Management Accounting. this dialect of accounting. The railroads need to raise large sums of money by selling bonds or stock brought about this dialect of accounting. In 1887, the first federal regulatory agency was established to ensure that shipping rates were published and fair and that differences in rates charged to farmers had an economic basis and were notStep by Step Solution
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