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Which event will have the effect of increasing retained earnings?
a) a customer pays us for a bill we sent last month
b) revenue is recognized
c) a dividend is declared
d) an expense is paid
1. define and explain the meaning of a predetermined manufacturing overhead rate that is applied in a job-order costing
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Data related to the acquisition of timber rights and intangible assets during the current year ended December 31 are as follows:
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Find their financial statements on the Internet and examine the shareholders' equity section of their balance sheets. What does your analysis tell you about each firm? Is this a good investment? Explain your findings and conclusion.
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