Question

Identify the events that result in revenue or expense recognition and those which affect the statement of cash flows. In the


Cordell Inc, experienced the following events in 2018, its first year of operation: 1. Received $43,000 cash from the issue o
Complete this question by entering your answers in the tabs below. Reg A and C Reg Band D to F Identify the events that resul


Complete this question by entering your answers in the tabs below. AAAAAAAAAAAAAAAAA Reg A and C Reg B and D Based on your re
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Answer #1

Requirement 1: Event | Revenue Expense Statement of cash flow $43,000 FA 2 $71,000 NA ($4,300) FA $49,000 OA $43,000 ($43,000Requirement 4: Before closing Entry Service Revenue = $85,000 After closing Entry Service Revenue should be = $0. Because the

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