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Assume that, prior to preparing adjusting entries at the end of the year a company has a foued asset turnover ratio of 34 based on
Assume that, prior to preparing adjusting entries at the end of the year a company has a foued asset turnover ratio of 34 based on ange net foeduses of $500.000.000 Which of the following year-end adjustments would cause the company's food asset turnover ratio to increase? Multiple Choice The company accrues and catalizes 550,000 of interest for self-constructed poets. The company accrues a labey for ordinary costs the amount of 50.000 The company write down an impaired prece of equipment by S50.000 The company records 550.000 of tangible assets as equipment
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