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Cash Sales revenue FV-NI investments (at fair value) Cost of goods sold Bond investment at amortized cost FV-OCI investments (fair value $505,000) Notes payable
Cash Sales revenue FV-NI investments (at fair value) Cost of goods sold Bond investment at amortized cost FV-OCI investments (fair value $505,000) Notes payable (due in six months) Accounts payable Selling expenses Debits Credits $345,000 $11,434,000 293,000 6,100,000 339,000 434,000 118.000 735,000 3,860,000
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Financial Accounting A Critical Approach
Authors: John Friedlan
4th edition
1259066525, 978-1259066528
