In February 2012, Jim Grant invested an additional $10,000 in his business, Grants Pharmacy, which is organized
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In February 2012, Jim Grant invested an additional $10,000 in his business, Grant’s Pharmacy, which is organized as a proprietorship. Grant’s accountant, Ronny Jones, recorded this receipt as an increase in cash revenues. Is this treatment appropriate? Why or why not?
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No this treatment is not appropriate When a business owner inves...View the full answer
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Related Book For 
Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
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