Question: Based on what you have learned about the REA perspective, what is the name of the agent the revenue cycle interacts with? It is important

Based on what you have learned about the REA perspective, what is the name of the agent the revenue cycle interacts with? It is important to remember agents are parties inside or outside the organization who participate in an economic event or activity and can use or dispose of economic resources. What is the ‘give’ resource and what is the ‘get’ resource? Being able to identify these resources indicates you are better equipped to pinpoint the assets of the business

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The acronym REA stands for Resources Events and Agents The REA is a popular model in teaching Accoun... View full answer

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