DEVRY ACCT 224 Week 6 You Decide Assignment
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<strong>DEVRY</strong> <strong>ACCT</strong> <strong>224</strong> <strong>Week</strong> 6 <strong>You</strong> <strong>Decide</strong><br />
<strong>Assignment</strong> Business Tax Concepts<br />
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t-<strong>224</strong>/acct-<strong>224</strong>-week-6-you-decideassignment-business-tax-concepts<br />
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1. What constitutes a business expense?<br />
2.What are the differences between cash and accrual basis accounting? Provide an<br />
example of each type. Briefly explain why a company might need to adjust entries in<br />
the general ledger. Be sure to address the classes and types of adjusting entries.<br />
3.Evaluate how the appearance of solvency for a business changes when using cash<br />
vs. accrual accounting, noting which stakeholders might be affected and how.
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