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Review Questions 1 - Chapter 2 List two to three examples of common assets, liabilities, equity, revenue, and expense accounts for a hospitality company. As

Review Questions 1 - Chapter 2

  1. List two to three examples of common assets, liabilities, equity, revenue, and expense accounts for a hospitality company.
  2. As an operations manager is there a financial statement that you find more useful than others and why?
  3. What business decisions can each financial statement assist you in making?
  4. What subtotal(s) would you find useful on an income statement?

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