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Chapter 3 &4 accounting Understand the revenue and expense recognition principles Understand differences between a classified balance sheet vs. a traditional balance sheet and an

Chapter 3 &4

accounting

  • Understand the revenue and expense recognition principles
  • Understand differences between a classified balance sheet vs. a traditional balance sheet and an multi-step income statement vs. a single-step
  • Know the difference between cash basis accounting and accrual basis accounting

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