Refer to Exhibit 5.4. Identify typical accounting cycles not listed in the Exhibit and list their associated accounts.
EXHIBIT 5.4 Illustrations of Cycles and Related Accounts
Cycle | Related Accounts |
Acquisitions and Payments for Inventory, | Accounts Payable |
Goods, and Services | Inventory |
| Expenses |
| Other Assets |
| Cash |
Acquisitions and Payments for Long-Lived Assets | Equipment |
| Accumulated Depreciation |
| Depreciation Expense |
| Gain or Loss on Disposal |
| Impairment Loss |
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