Join author Carl Warren as he discusses new features, updates, and important elements of the new edition.

In this video, he introduces how they use the accounting equation. "Throughout the financial and managerial chapters, when there is an accounting transaction and a journal entry, debit and credit, off to the side in the margin we will show the impact on the accounting equation, whether assets are going up, liabilities are going down, or whether owners' equity is going up."

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