In February 1996, Richard Holland invested an additional ($ 5,000) in his business, Holland's Phar- macy, which

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In February 1996, Richard Holland invested an additional \(\$ 5,000\) in his business, Holland's Phar- macy, which is organized as a corporation. Holland's accountant, Donna Havaci, recorded this receipt as an increase in cash and revenues. Is this treatment appropriate? Why or why not?

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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