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need d e f g answers please( all in the paper) whit explain d) Does the net income amount reported on the Balance Sheet always

image text in transcribed need d e f g answers please( all in the paper) whit explain
d) Does the net income amount reported on the Balance Sheet always reflect the increase in cash during the year? Explain why or why not e) What is difference between an adjusting journal entry and a closing journal entry? Adining entire bo the accounts up the white closing entries and dividends accounts reduce the Calonces the use recording transactions for most accounting penod. to zero 1) Identify three accrual accounts that may appear on a Balance Sheet and describe how each account is created. g) The Conceptual Framework includes the Going Concern Assumption. What is the going concern assumption, and how does it affect the financial statements we prepare? Page 2 of 3 IMEN-341 Accounting & Finance for Engineers Partl-Exam #1

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