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Consider each of the items below. Place the proper letter in the blank space provided to indicate the nature of the account or accounts to be debited when recording each transaction using the preferred accounting treatment. Prepayments should be recorded in balance sheet accounts. Disregard income tax considerations unless instructed otherwise.
-Machinery which had originally cost $130,000 was rearranged at a cost of $450, including installation, in order to improve production.
Expected Gain
The anticipated benefit or profit from an investment or action.
Diversification
A strategy of investing in a variety of assets to reduce overall risk.
Expected Gain
The anticipated benefit or profit that arises from a specific action or investment.
Diversification
The process of spreading investment risks by acquiring a wide range of assets within a portfolio.
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