INTRODUCTION TO ACCOUNTING (complete in INK) Instructions: Write the word or words to replace the question mark and complete each of the following: (SEEK ANSWERS ON LINE IN ADDITION TO THE TEXT) 1. Accountants who render accounting services on a fee basis, and staff accountants employed by them, are said to be engaged in (?) 2. Accountants employed by a particular business firm or not-for-profit organization perhaps as chief accountant, controller, or financial vice- president are said to be engaged in (?) 3. Accounting is often characterized as "the language of (?) 4The "basic raw materials" of accountin are composed of business (?) 5. Each state has laws providing for the licensing for certified public accountants. Who are commonly called (?) 6. The applicability of accounting in an individual economic unit in society is based on the business (?) 7. A separate legal entity organized in accordance with state or federal statutes and in which owner- ship is divided into shares of stock is referred to as a (an) (?) 8. A partnership is owned by (?) or more individuals