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The Accounting Equation is used to develop the organization's financial reports.Describe what liabilities value would be if Assets are $50,000 and Owners' Equity is $25,000 by showing the Accounting Equation and provide an example of two liability accounts.
An internal transfer between two divisions is in the best economic interest of the entire organization when:
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What are the behavioural advantages and potential disadvantages that could arised from responsbility accounting and how the disadvantages can be overcome by company.
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