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The two primary functions of financial accounting are to measure business activities of a company and to communicate information about those activities for decisionmaking purposes.
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Which of the following questions is most likely to be asked by a creditor?
Multiple Choice
What is the amount of taxes owed to the government?
Will the companys stock increase in value?
What are the companys terms of credit with its suppliers?
Will the company be capable of repaying its debt when it is due?
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