Explain difference between authorized stock and issue stock

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Question 1: Of the three depreciation methods commonly used for book depreciation; straight-line, units-of-activity, and declining-balance; which method is most commonly used for book depreciation and which method is used for tax purposes for equipment? (research may be required)

Question 2: Describe 2 primary differences between a note payable and an accounts payable.

Question 3: Explain the difference between "authorized" stock and "issued" stock. When stock is issued/sold what amount is credited to "paid-in-capital"?

Reference no: EM132915161

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