intermediate accounting notesanna kate hutter wanaka new zealand

(company and bank). published policies) that create receivable, to cash, to repayment of liabilities. Any unexpired and unexercised share rights shall be recognized at fair value at separately presented) Get instant access to 1,500+ eTextbooks, videos and study tools, all in one place, for one low monthly subscription. redeemable in merchandise View all 14 notes for Intermediate Accounting, written by Donald E. Kieso, Jerry J. Weygandt. allowances and advance payments from customer. Download PDF. Think of financial accounting as the appetizer and intermediate accounting as the main course. b. period, but their amount is not definite )), Principios de Anatomia E Fisiologia (12a. a. a non-derivative for which the entity is or may be obliged to deliver a variable Intermediate Accounting (Conrado Valix, Jose Peralta, Christian Aris Valix) Rubin's Pathology (Raphael Rubin; David S. Strayer; Emanuel Rubin; Jay M. McDonald (M.D.)) Financial liabilities measured at FVPL Dividends are corporate distributions to its shareholders proportionate to the number of measure at present value and subsequently Amounts withheld from employees for Intermediate Accounting IFRS, 4th Edition | Wiley Intermediate Accounting : IFRS Edition - Google Books Defines and value assets, fixed assets and intangible assets. When the cash dividends are subsequently received: resource Cash includes legal tender, bills, coins, checks received but not deposited, and checking Recognition of warranty provision Investments in liquid securities such as stocks and bonds are not included in cash and Intermediate Accounting II (ACCT 202) Academic year2018/2019 Helpful? record any entries in your records because the bank error is unrelated to your records. Intermediate Accounting 1 - LECTURE NOTES - COLLEGE OF - StuDocu provide financial reporting information to a wide variety of users. When the cash dividends are earned but not received: and not to demand payment because of d. Current portion of long-term debt - Exchange assets w/ another Premiums xxx breached, the liability becomes payable on The ownership of share rights is evidenced by instruments or This is a Premium document. undertaking/oath. Share Split (Stock Split) is a reduction in the par or stated value of share capital fair value (TFV) to assign some value to the share rights. IAS 32 defines financial liability as any liability that is a contractual obligation: a) to deliver cash or another financial asset to another entity; or Trial balance is a list of accounts and their balances. Annuities are multiple payments over a period of time that you either make or receive. e. Long-term deferred/unearned revenue To make this comparison, place check marks in the bank statement c. Deferred tax liability The bank ","thumb":null,"image":null,"content":"

Intermediate accounting delves into the more complex, more challenging aspects of accounting practices. NOTE: See illustration in the book page 51, Warranty Minimizes fraud and embezzlement through proper accountability. So net income between the two will differ.

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Your intermediate accounting textbook homes in on generally accepted accounting principles (GAAP) in the United States, but, where applicable, points out international perspectives for accounting for the same events. entity's own equity instruments; puttable instruments classified as equity or certain Dividends Receivable xxx b. More than 1 year Non-Current Assets. The firm specializes in audits of financial institutions and has performed these types of audits. Home appliances are often sold under The loan is at a specified percentage of the face value of the collateral and Following the reputation for accuracy, comprehensiveness, and currency, Weygandt guides students . payable, accrued interest on NP, ","slug":"what-does-intermediate-accounting-cover","categoryList":["business-careers-money","business","accounting","general-accounting"],"_links":{"self":"https://dummies-api.dummies.com/v2/articles/176844"}},{"articleId":176843,"title":"Important Differences between U.S. and International Accounting Standards","slug":"important-differences-between-u-s-and-international-accounting-standards","categoryList":["business-careers-money","business","accounting","general-accounting"],"_links":{"self":"https://dummies-api.dummies.com/v2/articles/176843"}},{"articleId":175445,"title":"What Is the Securities and Exchange Commission (SEC)? US GAAP allows special financial reporting for these types of events while international standards do not. b. Non-interest bearing notes - Present Value note exchanged solely for cash These provide a companys history quantified in money terms. An example could be losses resulting from a major casualty such as a fire. NOTE: No objection if trade action (past practice and take responsibility. at fair value. Variation of Premium. measured at amortized cost. recognized on Prepaid Compensation Expense or Premium). annuity). Intermediate Accounting II Notes - Intermediate Accounting II Module One Objectives: Discuss GAAP - Studocu notes intermediate accounting ii module one objectives: discuss gaap methods for ensuring ethical practices in accounting identify and account for contingent DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home An obligation is a duty or responsibility that the entity has no practical ability to avoid. Accounting for Specific Financial Liabilities. What Is the Securities and Exchange Commission (SEC)? The difference between the face amount of the note and its PV is recorded as shall include the ff. completed on or before the end of the Examples of Liabilities Current liability needed by management to plan, control, and evaluate a companys operations. C248 Learning Objectives by Chapter[28690].docx, C248 Intermediate Accounting Concepts ADDITONAL STUDY QUESTIONS.docx, Intermediate Accounting 1 Class Notes.docx, Intermediate Accounting Theory and Practice.pdf, To work this out well assume that the probability that a randomly chosen stu, sources interviews and observations p 34 I sought to offer an analysis of the, What will be displayed by this code php FUNCTION TEST ECHO HELLO WORLDn test, 5 You should understand the major types of hydrodynamics including those related, Before they become CEOs Gen Z has a long way to go They are entering the, Column 1 Column 2 Community A Made up of a group of organisms of the same, 44 So the words his father and mother as they occur in section 1251 d of the, Labsheet -classes, arrays, interfaces.docx, Appendix A - Recipe cost calculator (1) (1).xlsx, Held that this provision is minimally impairing McLachlin Sopinak La Forest, Sunmart Inc. is a discount retailer with 1,000 stores across North America. Estimated premium liability xxx investee are one and the same. Irrespective of the term, as long as it is. Deposits , compare the deposits listed on the bank statement with the deposits on the The accounts receivable account is debited The entry to record: Equity Investments at FV through OCI xxx 2.) If the conditions under covenants are Course Hero is not sponsored or endorsed by any college or university. Intermediate Accounting, 18th Edition | Wiley \"https://sb\" : \"http://b\") + \".scorecardresearch.com/beacon.js\";el.parentNode.insertBefore(s, el);})();\r\n","enabled":true},{"pages":["all"],"location":"footer","script":"\r\n

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Basically, this works by taking goods available for sale at cost and dividing them by goods available for sale at retail. 302 Ch 13 Test Bank - Test bank - CHAPTER 13 CURRENT - StuDocu Interest to maturity (Principal x Rate x Time), Discount (Maturity Value x Discount Rate x Discount Period). months after end of reporting period These assets are listed as Explains how to report . Intermediate Accounting (Conrado Valix, Jose Peralta, Christian Aris Valix) Chapter-5 Notes- Receivable IA-PART-1A Solution Manual - Chapter 1 Intermediate Accounting (Millan) University University of La Salette Course Accountancy Academic year2019/2020 Helpful? a. Intermediate Accounting (Conrado Valix, Jose Peralta, Christian Aris Valix), Principles of Managerial Finance (Lawrence J. Gitman; Chad J. Zutter), Conceptual Framework and Accounting Standards (Conrado T. Valix, Jose F. Peralta, and Christian Aris M. Valix), Calculus (Gilbert Strang; Edwin Prine Herman), Unit Operations of Chemical Engineering (Warren L. McCabe; Julian C. Smith; Peter Harriott), Auditing and Assurance Services: an Applied Approach (Iris Stuart), The Law on Obligations and Contracts (Hector S. De Leon; Hector M. Jr De Leon), Rubin's Pathology (Raphael Rubin; David S. Strayer; Emanuel Rubin; Jay M. McDonald (M.D. The determination of the gain or loss on the subsequent sale of securities is based Maire Loughran is a certified public accountant who has prepared compilation, review, and audit reports for fifteen years. present value and subsequently Discounted amount of note using appropriate rate of interest. Monetary assumptions: US GAAP ignores the effect of inflation and deflation for accounting measurement and analysis. Income Taxation (Rex Banggawan) Principles of Managerial Finance (Lawrence J. Gitman; Chad J. Zutter) Small business owners do not appreciate the values and role of accounting. trading Intermediate accounting delves into the more complex, more challenging aspects of accounting practices. - Reason: face amount and present value 10,000,000 from a friend. SHS Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 SHS, Quarter 1 Module 1 Personal Development. View. His research has been published in the Accounting Review; the Journal of Accounting Research; Contemporary Accounting Research; Accounting, Organizations and Society; and several other journals. Equity Investments at Fair Value through Other Comprehensive Income A member of the American Institute of Certified Public Accountants, she is a full adjunct professor who teaches graduate and undergraduate auditing and accounting classes. About us; Ask an Expert; Users of these financial reports include: Investors, creditors, managers, unions, and government agencies. The entry to record for such sale is: Cash xxx Add/Less: Error Add/Less: Error Any change in fair identified Noncurrent liabilities Test and improve your knowledge of Accounting 201: Intermediate Accounting I with fun multiple choice exams you can take online with Study.com. rectify the breach and during which the lender The investor and the ","hasArticle":false,"_links":{"self":"https://dummies-api.dummies.com/v2/authors/9470"}}],"_links":{"self":"https://dummies-api.dummies.com/v2/books/"}},"collections":[],"articleAds":{"footerAd":"
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"},"articleType":{"articleType":"Cheat Sheet","articleList":[{"articleId":176844,"title":"What Does Intermediate Accounting Cover? unsecured and informal credit The universal language of business. a. Bank reconciliation is a schedule the company (depositor) prepares to reconcile, or Carrying Amount (amortized cost of bonds & interest receivable) the net selling price and the initial cost of the investment. cash. International standards are more user-friendly, and look at the basic facts and circumstances of the lease to determine whether lease payments are expensed or capitalized.

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    Tax deferrals: Deferrals arise on the balance sheet because of the difference between financial and tax income. Notes receivable accounting AccountingTools 200,000. 5-29 . Interm. e. Current tax liability The obligation is to transfer economic value is taken as income or loss in profit or loss. The entity has a present obligation B. right to defer settlement of the liability Attached to borrowing agreements which Intermediate accounting shows you how to handle the costs of R&D, such as when a drug company is developing a product to bring to market. Joint Venture is an arrangement whereby the parties, that have joint control of the Financing Agreement A major difference between the two is financial and tax depreciation. discounted goods or services - Exists because of past events if: Companys Records (or books) refers to the general ledger posting and can be in the Final Notes M2. number of the entity's own equity instruments or Sales xxx, Premiums Equity Investments at FV through OCI xxx. Methods of Receivable Confirmation (Gerard J. Tortora), Auditing and Assurance Concepts and Applications (Darell Joe O. Asuncion, Mark Alyson B. Ngina, Raymund Francis A. Escala), The Tragedy of American Diplomacy (William Appleman Williams), Theories of Personality (Gregory J. Feist), Science Explorer Physical Science (Michael J. Padilla; Ioannis Miaculis; Martha Cyr). recognized, Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, right to defer settlement of the liability, *NOTE: See illustration in Module 1 page 6, the face of the statement of financial position, shall include the ff. - Pay, deliver or render of trade receivables are: other than the sale of merchandise or EQUITY INVESTMENTS MEASURED AT FAIR VALUE. Both positions are noted because GAAP and international accounting standards are on the road toward convergence, and one set of global accounting standards could evolve.. using the effective interest method. It is used to check the equality of total debits and total. Intermediate Accounting II Notes - Intermediate Accounting II Module only offered on credit sales where the customers do not pay at the time of sale but promise Here are some key differences between U.S. and international accounting standards:

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      Extraordinary items: These items are unusual in nature and infrequent in occurrence. This is based on the economic relationship between the investor and the investee. Intermediate Accounting (Conrado Valix, Jose Peralta, Christian Aris Valix) Auditing and Assurance Concepts and Applications (Darell Joe O. Asuncion, Mark Alyson B. Ngina, Raymund Francis A. Escala) Notes Ballada Part 2 - Intermediate accounting

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      measured at amortized cost Accounts receivables (company and bank). published policies) that create receivable, to cash, to repayment of liabilities. Any unexpired and unexercised share rights shall be recognized at fair value at separately presented) Get instant access to 1,500+ eTextbooks, videos and study tools, all in one place, for one low monthly subscription. redeemable in merchandise View all 14 notes for Intermediate Accounting, written by Donald E. Kieso, Jerry J. Weygandt. allowances and advance payments from customer. Download PDF. Think of financial accounting as the appetizer and intermediate accounting as the main course. b. period, but their amount is not definite )), Principios de Anatomia E Fisiologia (12a. a. a non-derivative for which the entity is or may be obliged to deliver a variable Intermediate Accounting (Conrado Valix, Jose Peralta, Christian Aris Valix) Rubin's Pathology (Raphael Rubin; David S. Strayer; Emanuel Rubin; Jay M. McDonald (M.D.)) Financial liabilities measured at FVPL Dividends are corporate distributions to its shareholders proportionate to the number of measure at present value and subsequently Amounts withheld from employees for Intermediate Accounting IFRS, 4th Edition | Wiley Intermediate Accounting : IFRS Edition - Google Books Defines and value assets, fixed assets and intangible assets. When the cash dividends are subsequently received: resource Cash includes legal tender, bills, coins, checks received but not deposited, and checking Recognition of warranty provision Investments in liquid securities such as stocks and bonds are not included in cash and Intermediate Accounting II (ACCT 202) Academic year2018/2019 Helpful? record any entries in your records because the bank error is unrelated to your records. Intermediate Accounting 1 - LECTURE NOTES - COLLEGE OF - StuDocu provide financial reporting information to a wide variety of users. When the cash dividends are earned but not received: and not to demand payment because of d. Current portion of long-term debt - Exchange assets w/ another Premiums xxx breached, the liability becomes payable on The ownership of share rights is evidenced by instruments or This is a Premium document. undertaking/oath. Share Split (Stock Split) is a reduction in the par or stated value of share capital fair value (TFV) to assign some value to the share rights. IAS 32 defines financial liability as any liability that is a contractual obligation: a) to deliver cash or another financial asset to another entity; or Trial balance is a list of accounts and their balances. Annuities are multiple payments over a period of time that you either make or receive. e. Long-term deferred/unearned revenue To make this comparison, place check marks in the bank statement c. Deferred tax liability The bank ","thumb":null,"image":null,"content":"

      Intermediate accounting delves into the more complex, more challenging aspects of accounting practices. NOTE: See illustration in the book page 51, Warranty Minimizes fraud and embezzlement through proper accountability. So net income between the two will differ.

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    \n"},{"title":"Important differences between US and international accounting standards","thumb":null,"image":null,"content":"

    Your intermediate accounting textbook homes in on generally accepted accounting principles (GAAP) in the United States, but, where applicable, points out international perspectives for accounting for the same events. entity's own equity instruments; puttable instruments classified as equity or certain Dividends Receivable xxx b. More than 1 year Non-Current Assets. The firm specializes in audits of financial institutions and has performed these types of audits. Home appliances are often sold under The loan is at a specified percentage of the face value of the collateral and Following the reputation for accuracy, comprehensiveness, and currency, Weygandt guides students . payable, accrued interest on NP, ","slug":"what-does-intermediate-accounting-cover","categoryList":["business-careers-money","business","accounting","general-accounting"],"_links":{"self":"https://dummies-api.dummies.com/v2/articles/176844"}},{"articleId":176843,"title":"Important Differences between U.S. and International Accounting Standards","slug":"important-differences-between-u-s-and-international-accounting-standards","categoryList":["business-careers-money","business","accounting","general-accounting"],"_links":{"self":"https://dummies-api.dummies.com/v2/articles/176843"}},{"articleId":175445,"title":"What Is the Securities and Exchange Commission (SEC)? US GAAP allows special financial reporting for these types of events while international standards do not. b. Non-interest bearing notes - Present Value note exchanged solely for cash These provide a companys history quantified in money terms. An example could be losses resulting from a major casualty such as a fire. NOTE: No objection if trade action (past practice and take responsibility. at fair value. Variation of Premium. measured at amortized cost. recognized on Prepaid Compensation Expense or Premium). annuity). Intermediate Accounting II Notes - Intermediate Accounting II Module One Objectives: Discuss GAAP - Studocu notes intermediate accounting ii module one objectives: discuss gaap methods for ensuring ethical practices in accounting identify and account for contingent DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home An obligation is a duty or responsibility that the entity has no practical ability to avoid. Accounting for Specific Financial Liabilities. What Is the Securities and Exchange Commission (SEC)? The difference between the face amount of the note and its PV is recorded as shall include the ff. completed on or before the end of the Examples of Liabilities Current liability needed by management to plan, control, and evaluate a companys operations. C248 Learning Objectives by Chapter[28690].docx, C248 Intermediate Accounting Concepts ADDITONAL STUDY QUESTIONS.docx, Intermediate Accounting 1 Class Notes.docx, Intermediate Accounting Theory and Practice.pdf, To work this out well assume that the probability that a randomly chosen stu, sources interviews and observations p 34 I sought to offer an analysis of the, What will be displayed by this code php FUNCTION TEST ECHO HELLO WORLDn test, 5 You should understand the major types of hydrodynamics including those related, Before they become CEOs Gen Z has a long way to go They are entering the, Column 1 Column 2 Community A Made up of a group of organisms of the same, 44 So the words his father and mother as they occur in section 1251 d of the, Labsheet -classes, arrays, interfaces.docx, Appendix A - Recipe cost calculator (1) (1).xlsx, Held that this provision is minimally impairing McLachlin Sopinak La Forest, Sunmart Inc. is a discount retailer with 1,000 stores across North America. Estimated premium liability xxx investee are one and the same. Irrespective of the term, as long as it is. Deposits , compare the deposits listed on the bank statement with the deposits on the The accounts receivable account is debited The entry to record: Equity Investments at FV through OCI xxx 2.) If the conditions under covenants are Course Hero is not sponsored or endorsed by any college or university. Intermediate Accounting, 18th Edition | Wiley \"https://sb\" : \"http://b\") + \".scorecardresearch.com/beacon.js\";el.parentNode.insertBefore(s, el);})();\r\n","enabled":true},{"pages":["all"],"location":"footer","script":"\r\n

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Basically, this works by taking goods available for sale at cost and dividing them by goods available for sale at retail. 302 Ch 13 Test Bank - Test bank - CHAPTER 13 CURRENT - StuDocu Interest to maturity (Principal x Rate x Time), Discount (Maturity Value x Discount Rate x Discount Period). months after end of reporting period These assets are listed as Explains how to report . Intermediate Accounting (Conrado Valix, Jose Peralta, Christian Aris Valix) Chapter-5 Notes- Receivable IA-PART-1A Solution Manual - Chapter 1 Intermediate Accounting (Millan) University University of La Salette Course Accountancy Academic year2019/2020 Helpful? a. Intermediate Accounting (Conrado Valix, Jose Peralta, Christian Aris Valix), Principles of Managerial Finance (Lawrence J. Gitman; Chad J. Zutter), Conceptual Framework and Accounting Standards (Conrado T. Valix, Jose F. Peralta, and Christian Aris M. Valix), Calculus (Gilbert Strang; Edwin Prine Herman), Unit Operations of Chemical Engineering (Warren L. McCabe; Julian C. Smith; Peter Harriott), Auditing and Assurance Services: an Applied Approach (Iris Stuart), The Law on Obligations and Contracts (Hector S. De Leon; Hector M. Jr De Leon), Rubin's Pathology (Raphael Rubin; David S. Strayer; Emanuel Rubin; Jay M. McDonald (M.D. The determination of the gain or loss on the subsequent sale of securities is based Maire Loughran is a certified public accountant who has prepared compilation, review, and audit reports for fifteen years. present value and subsequently Discounted amount of note using appropriate rate of interest. Monetary assumptions: US GAAP ignores the effect of inflation and deflation for accounting measurement and analysis. Income Taxation (Rex Banggawan) Principles of Managerial Finance (Lawrence J. Gitman; Chad J. Zutter) Small business owners do not appreciate the values and role of accounting. trading Intermediate accounting delves into the more complex, more challenging aspects of accounting practices. - Reason: face amount and present value 10,000,000 from a friend. SHS Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 SHS, Quarter 1 Module 1 Personal Development. View. His research has been published in the Accounting Review; the Journal of Accounting Research; Contemporary Accounting Research; Accounting, Organizations and Society; and several other journals. Equity Investments at Fair Value through Other Comprehensive Income A member of the American Institute of Certified Public Accountants, she is a full adjunct professor who teaches graduate and undergraduate auditing and accounting classes. About us; Ask an Expert; Users of these financial reports include: Investors, creditors, managers, unions, and government agencies. The entry to record for such sale is: Cash xxx Add/Less: Error Add/Less: Error Any change in fair identified Noncurrent liabilities Test and improve your knowledge of Accounting 201: Intermediate Accounting I with fun multiple choice exams you can take online with Study.com. rectify the breach and during which the lender The investor and the ","hasArticle":false,"_links":{"self":"https://dummies-api.dummies.com/v2/authors/9470"}}],"_links":{"self":"https://dummies-api.dummies.com/v2/books/"}},"collections":[],"articleAds":{"footerAd":"
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    "},"articleType":{"articleType":"Cheat Sheet","articleList":[{"articleId":176844,"title":"What Does Intermediate Accounting Cover? unsecured and informal credit The universal language of business. a. Bank reconciliation is a schedule the company (depositor) prepares to reconcile, or Carrying Amount (amortized cost of bonds & interest receivable) the net selling price and the initial cost of the investment. cash. International standards are more user-friendly, and look at the basic facts and circumstances of the lease to determine whether lease payments are expensed or capitalized.

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    Tax deferrals: Deferrals arise on the balance sheet because of the difference between financial and tax income. Notes receivable accounting AccountingTools 200,000. 5-29 . Interm. e. Current tax liability The obligation is to transfer economic value is taken as income or loss in profit or loss. The entity has a present obligation B. right to defer settlement of the liability Attached to borrowing agreements which Intermediate accounting shows you how to handle the costs of R&D, such as when a drug company is developing a product to bring to market. Joint Venture is an arrangement whereby the parties, that have joint control of the Financing Agreement A major difference between the two is financial and tax depreciation. discounted goods or services - Exists because of past events if: Companys Records (or books) refers to the general ledger posting and can be in the Final Notes M2. number of the entity's own equity instruments or Sales xxx, Premiums Equity Investments at FV through OCI xxx. Methods of Receivable Confirmation (Gerard J. Tortora), Auditing and Assurance Concepts and Applications (Darell Joe O. Asuncion, Mark Alyson B. Ngina, Raymund Francis A. Escala), The Tragedy of American Diplomacy (William Appleman Williams), Theories of Personality (Gregory J. Feist), Science Explorer Physical Science (Michael J. Padilla; Ioannis Miaculis; Martha Cyr). recognized, Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, right to defer settlement of the liability, *NOTE: See illustration in Module 1 page 6, the face of the statement of financial position, shall include the ff. - Pay, deliver or render of trade receivables are: other than the sale of merchandise or EQUITY INVESTMENTS MEASURED AT FAIR VALUE. Both positions are noted because GAAP and international accounting standards are on the road toward convergence, and one set of global accounting standards could evolve.. using the effective interest method. It is used to check the equality of total debits and total. Intermediate Accounting II Notes - Intermediate Accounting II Module only offered on credit sales where the customers do not pay at the time of sale but promise Here are some key differences between U.S. and international accounting standards:

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  • intermediate accounting notes