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At your first job after graduation, you start working for a local CPA firm. The firms partner mentions that partnerships are often not accounted for
At your first job after graduation, you start working for a local CPA firm. The firms partner mentions that partnerships are often not accounted for under accrual accounting. You are surprised, since you assumed that all entities are accounted for under accrual accounting in accordance with GAAP. Please comment on the partners remarks in detail. Is he correct? Explain
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International Accounting
Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera
5th edition
1259747980, 9781259747984, 1260466531, 978-1260466539
