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Required Finch Corporation recognized accrued compensation cost. Use the following model to show how this event would affect the company's financial statements under the following
Required Finch Corporation recognized accrued compensation cost. Use the following model to show how this event would affect the company's financial statements under the following two assumptions: (1) the compensation is for office personnel and (2) the compensation is for production workers. Use the letter I for increase or the letter D for decrease to show the effect on each element. If an element was not affected by the event, leave the cell blank. Income Statement Balance Sheet Stockholders' Liab. + Equity Statement of Cash Flows Assets Rev. Exp. = Net Inc. 1. + + 2
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