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CA1-1 1) True 2) False; both company that is claiming compliance with GAPP mustiness comply with all standards and interpretations , this includes divine revelation requirements 3) True 4) False; The FASB should be held authoritative to the needs and view points of the built-in economic community non adept the public accounting rationale and it also should enmesh in beat view of the public. CA1-3 1) (d) 2) (d) 3) (d) 4) (a) 5) (a) 6) (b) 7) (d) 8) (b) E2-5 a) Gains, Losses b) Liabilities c) enthronement by owners, schoolwide income d) appoint to owners e) encompassing income f) Asset g) Comprehensive income h) tax, depreciates i) justice j) Revenue k) dispersal to owners l) Comprehensive income E2-7 a) historical cost belief b) teeming disclosure formula c) matching principle d) Materiality e) Industry practices f) Economic entity assumptions g) sound disclosure principle h) Revenue recognition principle i) upright disclosure principle j) interconnected principle k) Economic entity principle l) cyclicity assumption m) coordinated principle n) Historical cost principle o) interconnected principle E3-1 April 2 property .30,000 Equipment .14,000 Christine ewing bang-up.

44,000 April 3 Supplies..700 Accounts account payable700 April 7 Rent expenditure .600 exchange.600 April 11 Accounts receivable.1,100 swear tabu gross1,100 April 12 Cash3,200 honorary services3,200 April 17 Cash.2,300 bond services.2,300 April21 Insurance expense.. 110 Cash.110 April30 Salaries expense..1,160 Cash..1,160 E3-5 Depreciation.750 Accumulated depreciation750 Rent revenue.3000 Unearned...If you motivation to get a full essay, order it on our website: Orderessay

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