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Below I am attaching screenshots from my textbook, please read the pages and ans

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Below I am attaching screenshots from my textbook, please read the pages and answer these questions below. Please cite the book in APA under a “references” heading below the txt. Use bullet points for each separate questions and answer. NEEDS TO BE PLAGIARISM FREE!!!!!!
• Which of the approaches in the case most accurately reflects the financial operations of the company for their first year of operation?
• What are the two different accounting treatments offered? Do you find both acceptable, and why or why not?

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