Exam (elaborations)
Test Bank for Financial Accounting IFRS Edition 2nd Edition by Weygandt Kimmel and Kieso
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1. Explain what accounting is. Accounting is an information system that identifies, records, and communicates the economic events of an organization to interested users. 2. Identify the users and uses of accounting. The major users and uses of accounting are as follows: (a) Management uses accou...
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