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Essential questions are designed to help you brainstorm prompt critical thinking. Respond to the following: Select one: 1. What is the purpose of accounting in

Essential questions are designed to help you brainstorm prompt critical thinking. Respond to the following: Select one: 1. What is the purpose of accounting in business? 2. Explain the inventory asset and cost flows of a merchandising company. 3. Discuss the financial statements companies prepare, and include the purpose behind each statement. 4. Explain the importance of utilizing appropriate technology in accounting.

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