Question
Questions: The entry to correct/adjust item F is: Investment 50,000 Cash 50,000 Other Investments 50,000 Cash 50,000 Short-term Investment 50,000 Cash 50,000 No Adjustment The
Questions:
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The entry to correct/adjust item F is:
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Investment 50,000
Cash 50,000
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Other Investments 50,000
Cash 50,000
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Short-term Investment 50,000
Cash 50,000
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No Adjustment
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The entry to correct/adjust item L is:
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Accounts Payable 50,000
Cash 50,000
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Cash 50,000
Other liabilities 50,000
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Cash 50,000
Accounts Payable 50,00
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No Adjustment
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The entry to correct/adjust item M is:
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Investment 150,000
Cash 150,000
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Other assets 150,000
Cash 150,000
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Short-term investment 150,000
Cash 150,000
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No Adjustment
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DON CORPORATIONS cash and cash equivalents balance at December 31, 2006 is:
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Overstated by P1,950,100
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Overstated by P1,895,100
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Overstated by P1,845,100
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Overstated by P1,795,100
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DON CORPORATIONS adjusted cash equivalent balance at December 31, 2006 is:
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618,800
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623,800
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673,800
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723,800
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