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pls solve this, very urgent 1. a. b. C. Which of the following is not a step in the accounting process? i. Identification iii. Verification
pls solve this, very urgent
1. a. b. C. Which of the following is not a step in the accounting process? i. Identification iii. Verification ii. Recording iv. Communication Which of the following statements about users of accounting information is incorrect? i. Management is an internal user. ii. Taxing authorities are external users. iii. Present creditors are external users. iv. Regulatory authorities are internal users. Which of the following events is not recorded in the accounting records? i. Equipment is purchased on accounting. ii. An employee is terminated. iii. A cash investment is made into the business. iv. The owner withdraws cash for personal use. The financial statement that reports assets, liabilities, and owner's equity is the: i. Income statement ii. Owner's equity iii. Balance sheet iv. Statement of cash flows. d. e. Payment of an account payable affects the components of the accounting equation in the following way: i. Decreases owner's equity and decreases liabilities. ii. Increases assets and decreases liabilities. iii. Decreases assets and increases owner's equity. iv. Decreases assets and decreases liabilitiesStep by Step Solution
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