Question: Explain the similarities and differences between expenses and dividends. Explain the GAAP rules for revenue and expense recognition. Explain why a manager would want to

Explain the similarities and differences between expenses and dividends. Explain the

Explain the similarities and differences between expenses and dividends. Explain the GAAP rules for revenue and expense recognition. Explain why a manager would want to classify an operating expense as a capital asset. Use sample journal entries and the effect such entries would have on the accounting equation to support your

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