(Adapted from Kieso and Weygandt, Intermediate Accounting, 7th ed.
This excerpt was taken from Kieso and Weygandt, Intermediate Accounting 7th edition. 
mnli hypothesis: This excerpt was taken from Kieso and Weygandt, Intermediate Accounting 7th edition.  premise: (Adapted from Kieso and Weygandt, Intermediate Accounting, 7th ed.