Develop a brief answer to each of the following questions: 1. What makes accounting a valuable discipline?
Question:
Develop a brief answer to each of the following questions:
1. What makes accounting a valuable discipline?
2. Why do managers in governmental and not-for-profit organizations need to understand financial information as much as managers in profit-seeking businesses do?
3. Are all economic events business transactions?
4. Sole proprietorships, partnerships, and corporations differ legally; how and why docs accounting treat them alike?
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1 The primary purpose of accounting is to provide decision makers with the financial informat...View the full answer
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