ASG 1 - EX 1-6 Accounting equation Determine the missing...

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EX 1-6 Accounting equationDetermine the missing amount for each of the following:Assets=Liabilities+Owner’s Equitya. $600,000=$150,000 + $450,000b. $275,000=$225,000 + 50,000
EX 1-23 Statement of cash flowsIndicate whether each of the following activities would be reported on the statement ofCash flows as (a) an operating activity, (b) an investing activity, or (c) a financing activity:1. Cash received from fees earned.(Operating Activity)2. Cash paid for expenses.(Operating Activity)3. Cash paid for land.(Investing Activity)4. Cash received as an additional investment by owner(Financing Activity)
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Term
Fall
Professor
Staff
Tags
Accounting, Balance Sheet, Debit, Generally Accepted Accounting Principles, c Barbara Mallary

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