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Business Chap001 jpm-f2011

1. Copyright © 2011 by the McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 2. Environment and Theoretical Structure of Financial Accounting 1 3. Financial…

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1. Topic 2Accounting for Accruals 2. When to Record Revenue?Assume that an accountant provided taxadvice to a client on December 1, 20X3, butagreed to wait until January…