week 3 assignment 3 - used for one record. I struggle with...

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a. How does Mr. Blowhard's scheme affect the amount of income that the company would otherwise report in its financial statements and how does the scheme affect the company's balance sheet? Explain your answer It basically works off of depreciation value. I tried to grasp other ways this report could turn out, thinking about this weeks exercises and how we saw the differences between the record keeping styles. I suppose using these different methods would give different results. This is why I struggle with this class. It’s amazing how different methods can be
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Unformatted text preview: used for one record. I struggle with how can this be ethical and allowable? Shouldnt there be one way to do it, and thats it? For my whole life I learned that it doesnt matter how you add up three numbers, they will always give the same answer. Now, through different methods, I have to grasp the idea that there are different ways and outcomes allowable to fit each need. I do know that balancing workbooks is complicated, and there are many other ways to doctor the papers than I even know....
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