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What are the repercussions of taking profit before the contracting company's obligations have completely ended?

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter14: Accounting For Uncollectible Accounts Receivable

Section14.3: Promissory Notes

Problem 1AYU

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