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Unformatted text preview: (+) Debit Unearned Revenue = future = liability Prepaid = asset Recitation #3 1. 4. 9. E 13. B 16. Same thing as revenue its on income and balance 19. A 21. B c/s-d+r-e Ex) debit in expense is decrease in equity Balance statement can happen at any point in time Cash flow broken down into operating, financing, and investing...
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This note was uploaded on 02/22/2012 for the course ACC 151 taught by Professor Franklin during the Fall '08 term at Syracuse.
- Fall '08