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ACCT 301 Week 4 Midterm Package - 3 Different Set Purchase herehttp://devrycourse.com/acct-301-week-4-midterm-package-3-different-setProduct DescriptionACCT 301 Week 4 Midterm Exam Versions 1• Page 11. (TCO 1) Suppose your company sold $25,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? (Points : 12)2. (TCO 2) Suppose your company sold $50,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? (Points : 12)3. (TCO 3) Rationalization is one of the components of the fraud triangle. What types of rationalization could a person use to justify misconduct? How can a company protect itself from rationalization as a part of fraud? (Points : 12)4. (TCO 4) What is horizontal analysis of financial statements? How does horizontal analysis differ from vertical analysis? (Points : 12)• Page 2
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