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Could u help me those question. Tks! The following amount of capital were obtained to start of yuppie Manufacturing at the beginning of 2001: Owner's

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The following amount of capital were obtained to start of yuppie Manufacturing at the beginning of 2001: Owner's contribution of cash......... $80,000 Owner's contribution of machinery& Equipment $46,000 Loan from the bank....... $18,000 Which is the amount of debt financing for this firm? $18,000 $62,000 $98,000 $126,000 When withdrawal increases, one of the following must occur: An assets increases Owner's equity increases A liabilities decreases Owner's equity decreases Has no effect on the owner's equity The relationship among financial statements in which account balances on one statement help explain those on another statement is know as Accrual basis of accounting Articulation Balancing Value creation The primary purpose of an audit is: Verify that books balance to a penny Evaluate whether the external financial statement are fairly presented Evaluate the level of profit Making sure that the management decision on managing the assets are absolutely accurate

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