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e-lub [12.9K]
3 years ago
10

14. What does the term claims exchange transaction mean?

Mathematics
1 answer:
nalin [4]3 years ago
7 0
A transaction that decreases one claim and increases another claim; total claims remain unchanged. For example, accruing interest expense is a claims exchange transaction; liabilities increase, and the expense recognition decreases retained earnings.
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https://answers.everydaycalculation.com/percent-of-what-number/90-30

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