Question
Nash Industries changed its method of accounting from the cash basis to the accurial basis on January 1, 2016. The companies accountant determines that a
Nash Industries changed its method of accounting from the cash basis to the accurial basis on January 1, 2016. The companies accountant determines that a liability of 70000 should be established. Ignore income taxes. prepare the journal entry to record the accounting change
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
