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Question 1: Flight Co. received their property tax bill, in the amount of $9,000, for the calendar year on March 1, 2020. The bill is due May 31. What amount would be recorded as property tax expense on March 1, 2020.
$3,750
$1,500
$9,000
No entry for property tax expense needed on March 1, 2020
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Use the accounts below for Stanley Black and Decker to prepare an income statement for the year ended December 31, 2015. ($ millions)
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