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Financial statements for the items

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Reference no: EM13513756

The going concern assumption is not made in accounting, discuss the differences in the amounts shown in the financial statements for the following items.

(a) Land.

(b) Unamortized bond premium.

(c) Depreciation expense on equipment.

(d) Merchandise inventory.

(e) Prepaid insurance.

Reference no: EM13513756

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