Question
In 2011, Zealous Ltd paid $1900 for 2010 expenses, $32 000 for 2011 expenses and $4000 advance payment for 2012 expenses. In 2012, it paid
In 2011, Zealous Ltd paid $1900 for 2010 expenses, $32 000 for 2011 expenses and $4000 advance payment for 2012 expenses. In 2012, it paid $8000 for 2011 expenses. Furniture depreciation for 2011 was $5000. What was the accrual accounting expense for 2011?Thanks.
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Intermediate Accounting 2014 FASB Update
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
15th edition
978-1118938782, 111893878X, 978-1118985311, 1118985311, 978-1118562185, 1118562186, 978-1118147290
