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Chapter 2 - Solutions

Chapter 2 - Solutions - Chapter 2 Transaction Analysis...

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Chapter 2 Transaction Analysis 67 Chapter 2 Transaction Analysis Short Exercises (5 min.) S 2-1 Horton’s payment was not an expense. Horton acquired an asset , Equipment, because the computer is an economic resource of the business. (5 min.) S 2-2 a. $14,800 ($13,000 + $1,800 + $4,000 $4,000) b. $ 1,800
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