Financial accounting is used primarily by those outside of a company or organization. Financial reports are usually created for a set period of time, such as a fiscal year or period. Financial reports are historically factual and have predictive value to those who wish to make financial decisions or investments in a company.
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- During the month of July , McElroy Company ’ s direct labor cost of $ 36,000 was 60 % of prime cost . If total manufacturing costs during July were $ 85,000
- The adjusted trial balance of Plumlee Corporation , dated December 31 , 2014 , contains the following selected accounts . Prepare entries to close these