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The Following Sentences Form a Passage

question 22

Multiple Choice

The following sentences form a passage. Select the correct past tense verb for each blank. People ____ going early here, too.

Recognize differences and similarities between IFRS and GAAP in accounting practices.
Understand the concept and application of double-entry accounting worldwide.
Know the proper treatment of business transactions (increases and decreases) in the double-entry system.
Understand the effects of business transactions on the accounting equation.

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