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respond to the following in a minimum of 175 words: focuses on short-term and long-term assets and cost determination for preparing financial statements, and financial

respond to the following in a minimum of 175 words:

focuses on short-term and long-term assets and cost determination for preparing financial statements, and financial reporting for leases.

Discuss the financial statement for the purchase of a building. What items will be included in the financial statement?

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