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Accounts Assignment 1.docx - Financial Accounting 1 (ACCA...

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Financial Accounting 1 (ACCA 105)Chapter 1: Principles of Accounting and Financial StatementsAssignment is due on January 27th, 2022 by 11:59 p.m.SE1. Indicate whether each of the following words or phrases relates most closely to (a) abusiness transaction, (b) a separate entity, or (c) a money measure:1.
2.
3.
4.
5.Sale of an Asset. – aSE2. Match the descriptions that follow with the appropriate forms of business organization.a.Sole proprietorship -b.Partnershipc.Corporation1.Most numerous. - a2.Commands most revenues. - a3.Has two or more co-owners. - b4.Has stockholders. – c5.Is owned by only one person. - a6.Has a board of directors. - c

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Term
Fall
Professor
Kelley Duncanson
Tags
Balance Sheet, Generally Accepted Accounting Principles

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