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Given Below Are the Accounts from Surf Corporation's Ledger Accounts

Question 170

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Given below are the accounts from Surf Corporation's ledger accounts after adjustments have been posted at December 31, 2014.
Given below are the accounts from Surf Corporation's ledger accounts after adjustments have been posted at December 31, 2014.    A Identify which adjustments that Surf Corporation most likely made that are: 1 Accrued assets 2 Accrued liabilities B Which accounts listed above would not be used in a cash basis system? A Identify which adjustments that Surf Corporation most likely made that are:
1 Accrued assets
2 Accrued liabilities
B Which accounts listed above would not be used in a cash basis system?

Correct Answer:

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A 1 Accrued assets: Accounts Receivable
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