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    flea's Avatar
    flea Posts: 1, Reputation: 1
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    #1

    Dec 10, 2007, 05:03 PM
    Accounting
    If cash is paid for office rent, the transaction includes what? Debiting cash and crediting rent expense... I'm not sure... please help
    karizma's Avatar
    karizma Posts: 2, Reputation: 1
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    #2

    Dec 10, 2007, 07:23 PM
    In a statement of cash flows, which of the following events would not be classified as an operating activity?
    a) purchase of a trading security
    b) receipt of a chas dividend
    c) payment of interst on a bond issue
    d) proceeds from the sale, at a gain, of aa available for sale security
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #3

    Dec 10, 2007, 11:55 PM
    Quote Originally Posted by flea
    If cash is paid for office rent, the transaction includes what? debiting cash and crediting rent expense..........i'm not sure.........please help
    Dr. Rent Expense
    Cr. Cash
    wyatt's Avatar
    wyatt Posts: 1, Reputation: 1
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    #4

    Dec 11, 2007, 06:19 AM
    Preparation of financial statements accounting principles are applied differently from one fiscal period to the next? True or false
    Amenay's Avatar
    Amenay Posts: 2, Reputation: 1
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    #5

    Dec 11, 2007, 10:48 AM
    [QUOTE=flea]If cash is paid for office rent, the transaction includes what? Debiting cash and crediting rent expense... I'm not sure... please help[/QU no the exact answer is office rent debit .................and credit cash
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