ANSWERS TO QUESTIONS

Examples are: (a) Payment of an accounts payable. ... In fact, an accrued expense on the books of one company is an accrued revenue to another company. ... Balance Sheet December 31, 2007 Assets Current Assets Cash $19,472 Accounts receivable 6,920 Prepaid rent 2,280 Total current assets 28,672 Property, plant, and equipment Equipment $18,050 ... ................
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