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... CHAPTER2 The Recording Process 2-2 PreviewofCHAPTER2 2-3 The Account Account Record of increases and decreases in a ... 2-5 ► Each transaction must affect two or more accounts to keep the basic accounting equation in balance ► Recording done by debiting at least one account and crediting another ► DEBITS must equal ... more on fair value than U.S companies Despite the differences, the...
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... slope of supply by a shift in demand We can “identify” the slope of demand by a shift in supply This technique only works if one or the other of the curves stays constant Chapter Two Chapter Two ... prices Chapter Two Supply Curve for Wheat Chapter Two The Law of Supply Defined: The Law of Supply states that the quantity of a good offered increases when the price of this good incr...