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Assume a transaction between parties A and B. Party A recognizes one new balance sheet item (asset or liability or equity) and derecognizes another balance
Assume a transaction between parties A and B. Party A recognizes one new balance sheet item (asset or liability or equity) and derecognizes another balance sheet item. The amount recognized differs from the amount derecognized. What else is recognized as party A balances its journal entry for this transaction?
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The Essentials Of Finance And Accounting For Nonfinancial Managers
Authors: Edward Fields
3rd Edition
0814436943, 9780814436943
