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Listed as follows are eight technical accounting terms inti Credit Realization principle Time period principle Matching principle Net income Accounting period Expenses Accounting cycle Each

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Listed as follows are eight technical accounting terms inti Credit Realization principle Time period principle Matching principle Net income Accounting period Expenses Accounting cycle Each of the following statements may (or may not) describ described, or answer "None" if the statement does not con a. The span of time covered by an income statement. b. The sequence of accounting procedures used to record c. The traditional accounting practice of resolving uncertai being recognized. d. An increase in owners' equity resulting from profitable o e. The underlying accounting principle that determines whe f. The type of entry used to decrease an asset or increase g. The underlying accounting principle of offsetting revenue generating that revenue. h. The costs of the goods and services used up in the proce Exercise 3.5 Relationship between Net Income and Equity (LO3- The following information came from a recent balance sheet of The Coca Cola, Co End of Year Beginning of Year $90.1 billion Assets $92.0 billion $61.5 billion Liabilities ? Owners' Equity $33.4 billion a. Determine the amount of total liabilities reported in Coca-Cola's balance sheet at b. Determine the amount of total owners' equity reported in Coca-Cola's balance sh C. Retained earnings was reported in Coca-Cola's year-end balance sheet at $63.4 beginning of the year, determine net income for the year if a $5.4 billion dividend w in billlons of dollars rounded to 1 decimal place.) a. Total liabilities billion Total owners' equity b billion Net income C. billion

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