How does the revenue-expense approach differ from the asset-liability approach for defining accounting element

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Q: at a before tax gain of $94,8 mpanies is 31.47% How mue Sub in Year 3?

A: Intercompany Transaction - A transaction involving linked companies, such as a parent company and a…

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A: Answer :1) Journal entries : Date Account title  Debit Credit June 30,2024 Notes receivable…

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