MacKenzie Harper doesn't understand why some events are recorded as accounting transactions but others are not. Explain.

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Accounting Principles

ISBN: 978-1119048503

7th Canadian Edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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Question Posted: May 16, 2017 09:46 AM

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MacKenzie Harper doesn't understand why some events are recorded as accounting transactions but others are not. Explain.

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An event or transaction is recorded only if it causes the companys financial position asset...View the full answer

Accounting Principles

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