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Several Actions That an Organization May Take Are Not Recognized

Question 110

Essay

Several actions that an organization may take are not recognized or entered in the accounting records.While not entered into the formal accounting system, several such actions are exceedingly important to the organization.
Required:
Comment on the current and future implications that the hiring of a new president may have on the organization's accounting records.

Correct Answer:

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The hiring of a new president would not ...

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