EXERCISES-Chapter 1-2-3-4

Information about business organisations to

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Unformatted text preview: ………………….information about business organisations to interested users 4, Accountants report on financial activities by preparing financial statements (reports). Often, accountants are asked to interpret these statements a nd reports for various groups such as management and creditors, to determine how the business entity is performing compared to (prior/future) years and other similar business entities 2, Accountants observe many events of a business entity and i……………..and measure 5, Timeliness requires financial information to be provided at a time when it may be in financial terms (in dollars) those events considered evidence of economic activities considered in reaching a decision. The usefulness of information (increase/decrease) with (or events) time 3,Which of the following would be considered economic activities? 6,Accounting information is useful to managers and workers, investors and creditors, A, Manufacture of goods and other parties such as government...
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This document was uploaded on 03/26/2014.

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