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1 Identify key organizations involved in accounting rule-making.
2 Explain what is meant by authoritative support.
3 Give a historical overview of how rule-making has evolved.
4 What authority for compliance with GAAP has existed thoughout the history of rule-making?
Cash from Investing Activities
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Analyze each transaction by identifying the account or accounts to be debited and credited and prepare a journal entry for each in the proper format.
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