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Lecture Fundamental accounting principles (21e) - Chapter 4: Completing the accounting cycle
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Lecture Fundamental accounting principles (21e) - Chapter 4: Completing the accounting cycle. After completing this chapter you should be able to: Describe merchandising activities and identify income components for a merchandising company, identify and explain the inventory asset and cost flows of a merchandising company, compute the acid-test ratio and explain its use to assess liquidity,...
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