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Need:
a. Prepare an Income Statement by with appropriation account for the financial year ended 31.12.2010
b. Prepare the partners' present account c. Prepare the Balance Sheet as at 31.12.2010.
A company does not need to record the receipt of a bill for utilities used during this year if they will not pay for it until next year. True or False
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Would you invest in a project that has a net investment of $14,600 and a single net cash flow of $24,900 in 5 years, if your required rate of return was 12 percent?
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