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requires no specific format for the balance sheet (statement of
financial position) but most companies that follow IFRS prepare the
statement in a different format from U.S. GAAP.
requires no specific format for the balance sheet (statement of
financial position) but most companies that follow IFRS prepare the
statement identical to U.S. GAAP.
14) Each of the following accounts is closed to Income Summary
except
All of these are closed to Income Summary.
Expenses.
Dividends.
Revenue
15) The account, Supplies, will appear in the following debit columns
of the worksheet.
Trial balance.
Adjusted trial balance.
Balance sheet.
All of these.
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ACC 557 Week 4 Chapter 6 (E6-1,E6-10,E6-14,P6-3A)

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