Unformatted text preview: Transactions: Asset Source: increase the total amount of assets and increase another asset. 1. Assets Increase 2. C/S increases, or liabilities increase, or revenue increases Asset Exchange: Decrease one asset and increase another asset 1. One Asset Increases 2. Another Asset Decreases Asset Use: Decrease the total amount of assets and the total number of claims. 1. Assets Decrease 2. Expenses increase, or liabilities decrease, Dividends Paid Claims Exchange: Decrease one claim and increase another claim 1. One Claim Increases 2. Another Claim Decreases...
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- Spring '08
- Financial Accounting, Accountant, Taxation in the United States, Certified Public Accountant, Financial Accounting Standards Board