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Date Posted: 09:22:52 01/23/00 Sun
Author: John
Subject: Some Accounting Questions

I've been working on the quizzes and I have a couple
of questions:

1. What is the difference between accrued taxes &
Income tax.(prblm 2 - Spring 1998)

2. What is "Paid Capital" (#13 on one of the quizzes)

3. If equipment is leased is it still recorded as an
asset (and does it get depreciated) and the lease
payments go on the liability side of the balance
sheet?

Thanks

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