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Naily [24]
3 years ago
7

The primary of financial reporting is to provide financial information about companies that is useful to capital providers for d

ecision making. (Enter only one word per blank.)
Business
1 answer:
Shkiper50 [21]3 years ago
8 0

Answer:

The primary <u>OBJECTIVE</u> of financial reporting is to provide financial information about companies that is useful to capital providers for decision making.

Explanation:

The objective of financial reporting is to provide information that is useful to existing and potential investors or creditors. One of the main uses given to financial reports is comparing one business to another. In order for the reports to be comparable, they must follow strict standards and be properly prepared.

If the reports aren't comparable, they use is extremely limited, since how else can you decide if investing in company A is a better idea than investing in company B. Comparability applies even to the same company, since you must be able to compare the financial results of different years in order to evaluate the performance of the company.  

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Different between internal stakeholder and external stakeholder
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Internal stakeholders are entities within a business (eg. employees, managers, the board of directors, investors). External stakeholders are entities not within a business itself but who are about or are affected by its performance. (eg. consumers, regulators, investors, suppliers)

8 0
4 years ago
It would be faster for a human resource manager to use a (an) (blank) to alert employees about a company picnic.
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3 years ago
Read 2 more answers
For each item below, indicate whether a debit or credit applies.
mrs_skeptik [129]

Answer:

1. Debit

2. Debit

3. Credit

4. Credit

5. Debit

6. Debit

7. Credit

8. Credit

9. Credit

10. Credit

Explanation:

In Financial accounting, debit refers to an entry made which would either increase an expense or asset account; therefore, decreasing an equity or liability account.

Credit refers to an entry made which would either increase an equity or liability account; therefore, decreasing an expense or asset account.

Generally, debit is an accounting entry which is made to the left of an account while credit is an accounting entry which is made to the right of an account. The standard rule is that, when a credit decreases an account, the opposite account should be increased with a debit.

1. Decrease in Notes Payable: Debit

2. Increase in Dividends: Debit.

3. Increase in Common Stock: Credit

4. Increase in Unearned Rent Revenue: Credit

5. Decrease in Interest Payable: Debit

6. Increase in Prepaid Insurance: Debit

7. Decrease in Salaries and Wages Expense: Credit

8. Decrease in Supplies: Credit

9. Increase in Revenues: Credit

10. Decrease in Accounts Receivable: Credit

8 0
4 years ago
what ideas do you feel the organization should have the opportunity to mandate without union involvement?
mixas84 [53]

Answer:

any ideas that would improve things for the employees. if the ideas result in the deterioration of employees' well-being, safety or anything regarding the employees, the the union would get involved. the union exists for this reason.

3 0
2 years ago
________ refer to a form of product that consists of activities, benefits, or satisfactions offered for sale that are essentiall
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Service <span> refer to a form of product that consists of activities, benefits, or satisfactions offered for sale that are essentially intangible.
A service does not have a physical appearance unlike any other type of product. It is created to make it easier for customers to do certain things that offered by the service.</span>
7 0
3 years ago
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