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A Number of Unrelated Transactions Recorded by Abba Company Are

Question 7

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A number of unrelated transactions recorded by Abba Company are as follows: A number of unrelated transactions recorded by Abba Company are as follows: Instructions For each of the above situations, identify the accounting assumption, concept, constraint, or recognition criteria that have been violated. Prepare the correct journal entry as it should have been made. If no entry should have been made, or if additional financial statement disclosure is required, explain. Instructions
For each of the above situations, identify the accounting assumption, concept, constraint, or recognition criteria that have been violated. Prepare the correct journal entry as it should have been made. If no entry should have been made, or if additional financial statement disclosure is required, explain.

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