Develop a brief answer to each of the following questions. 1. What makes accounting a valuable discipline?

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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?

3. Are all economic events business transactions?

4. Sole proprietorships, partnerships, and corporations differ legally; how and why does accounting treat them alike?

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Financial Accounting

ISBN: 9780547070025

9th Edition

Authors: Jr. Belverd E. Needles, Marian Powers

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