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MediaMax - Part 2 (Solutions)

MediaMax starts dealing with end of year adjustments - what's up then?

It is now time to pause, review and reconceptualize what you have done in relation to the MediaMax case (part 2). The video intends to offer you a guidance (ex post) to reconcile the way you handled all the transactions with the income estimation. Please pay attention to how we recognize revenues and expenses; focus on the cases in which we distinguish cash inflow and outflow from gains and losses. This is paving the way to the full knowledge of how to handle revenues and expenses.

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Introduction to Financial Accounting

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