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Corporate Financial Accounting Chapter 3 Exercises
Financial Accounting
Exercises 3, 7, 8, 9, 13
Problems 3-3A, 3-5A
Ex-3
2975
-614
$2,361
Ex-7
a)
3600+4800-2950=$5,450 Expired Insurance
b)
3600+4800-X=$5,450
X=$2,950 Unexpired Insurance
Ex-8
49500-27180=$22,320
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Unformatted text preview: Unearned Fees…………………. .22,320 Fees Earned……………………………22,320 Ex-9 a) Net Income/Understated b) Stakeholders Equity/Overstated Ex-13 a) 20625/5*3=$12,375 b) 20625/5*4=$16,500...
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- Spring '10
- Smith
- Exercises Financial Accounting, Stakeholders Equity/Overstated Ex-13, Unearned Fees…………………..22,320 Fees, Unexpired Insurance Ex-8
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