Awar d 5outof 500points

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Unformatted text preview: he language of business and the role of accounting information in making economic decisions True / False 3. awar d: 5 out of 5.00 points Generally accepted accounting principles were established by the American Accounting Association in 1934 and are updated annually by Congress. True False Learning Objective: 01­06 Identify and discuss several professional organizations that play important roles in preparing and communicating accounting information. True / False 4. awar d: 5 out of 5.00 points The statement of financial position and the income statement are one and the same. True False True / False e z to.mhe c gr a w- hill.c om/hm_a c c ounting.tpx? todo= pr intvie w Learning Objective: 01­03 Explain the importance of financial accounting information for external parties—primarily investors and creditors—in terms of the objectives and the characteristics of that information. 2/7 11/18/13 5. Assignme nt Pr int Vie w awar d: 5 out of 5.00 points A statement of cash flows depicts the way profits have changed during a designated period. True False Learning O...
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This document was uploaded on 03/03/2014 for the course MGMT ACCOU 2300 at Rensselaer Polytechnic Institute.

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