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Financial Accounting | Accounting homework help

  1. A company recorded $3,500 of depreciation on its factory building. Prepare the general journal entry to record this transaction.
  2. What is the percentage return earned by Darin if he acquires 100 shares, holds the stock for a year, and sells the stock for $80?
  3. Explain the conservative concept of accounting and its relevance and limitations.
  4. Why might a company choose not to use revaluation accounting?
  5. Is there any difference between the Accruals and Matching Concept and what is realization concept?
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