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17. 17-Which of the following facts concerning inventories should be
disclosed in the summary of significant accounting policies?
18. 18-Abbey Corporation prepares its financial statements in
accordance with IFRS. Abbey acquired equipment by signing a
$100,000 note payable with the seller of the equipment. How should
this transaction be reported on the statement of cash flows?
19. 19-Which of the following transactions should be classified as
investing activities on an entity’s statement of cash flows?
20. 20-In a statement of cash flows in which the operating activities
section is prepared under the
indirect method, a gain on the sale of an investment in available-forsale securities should be
presented as a(n)
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ACC 421 Week 4 Individual Assignment Full Disclosure
Paper (2 Paper)

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Disclosure Paper contains:
Intermediate Financial Accounting I
Individual Full Disclosure Paper
Resource: Intermediate Accounting