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Unformatted text preview: -Cost effectiveness-Materiality Selling stock to an investor is a-Financing activity INVESTING activities involve the buying and selling of land, buildings, and equipment used in the business Sole Proprietorship:-The owner is personally responsible for the debts of the business. Operating Activities:-Paying salaries-Providing services-Paying advertising expenses Rev>Expense:-Net income Rev<Expense:-Net loss...
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- Fall '08
- Financial Accounting