Page 20 - Account for Ag - 2019

1-12 Accounting for Agriculture CH 1]

Name:

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4. What is the American Institute of Certified Public Accounts and what is their function?
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5. What is the purpose of an audit?
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6. T.J. Weber sold for $25,000 some acreage he had originally purchased for $12,000. How did this transaction affect
the total amount of (a) his assets? (b) his proprietorship?

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