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linv08 linv08
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List the four characteristics of the capital acquisition and repayment cycle that make it unique from other cycles.
Textbook 

Sociology: Compass for a New Social World


Edition: 7th
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sania24sania24
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More questions for this book are available here
The four characteristics are:
Relatively few transactions affect the account balances, but each transaction is often highly material in amount.
The exclusion or misstatement of a single transaction can be material.
There is a legal relationship between the client entity and the holder of the stock, bond, or similar ownership document.
There is a direct relationship between the interest and dividends accounts and debt and equity.


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