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ollegr [7]
3 years ago
11

Identify the importance of accounting by selecting the statement that is correct below. Multiple choice question. Accounting inf

ormation helps users make business and financial decisions. Accounting is a system that identifies, records and communicates an organization's business activities. Accounting information is primarily used only at the end of a year when tax returns and financial statements are prepared.
Business
1 answer:
Zielflug [23.3K]3 years ago
6 0

Answer:

Accounting information helps users make business and financial decisions.

Explanation:

Users of accounting information are divided into :

  1. Internal users
  2. External users

Internal users include : owners, managers, employees

External users include : shareholders, tax authority, regulatory bodies

Based on the information contained in the financial information a shareholder can decide if to invest in a company or not to.

Also, mangers can decide to invest in new ventures based on the information on profitability contained in the financial statements.

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Bear tracks, inc., has current assets of $2,180, net fixed assets of $9,400, current liabilities of $1,355, and long-term debt o
abruzzese [7]

(a) Total assets = Current assets + Fixed assets  

Total assets = 2180 +9400 = 11,580

Total liabilities = Current liabilities + long term debt

Total liabilities = 1355+3990 = 5,345

According t the accounting equation, Stockholders equity = Total assets - Total liabilities =  11,580-5,345 = 6,235

Stockholders equity = $6,235

(b) Working capital = Current assets - Current liabilities

Working Capital = 2180-1355

Working Capital = $825

3 0
3 years ago
The main output of the ______ process is the stakeholder register.
liq [111]
Hello!
.
The answer to your questions is "identifying stakeholders".
.
The main output of the identifying stakeholders process is the stakeholder register.
:)
7 0
3 years ago
what is the legal avenue for an owner who wants to dispose of his or her interest against the wishes of other co-owners?
Sedaia [141]

The legal avenue that an owner who wishes to dispose a piece of property as against the wishes of the other co-owners is: a partition suit.

<h3>What is a Partition Suit?</h3>

A partition suit can be described as a way of seeking remedy to dispute in real estate ownership, whereby the co-owners do not seem to agree on keeping or selling a piece of property.

For a partition suit to be won, the co-owner must be in the right standing to even initiate one.

Thus, the legal avenue that an owner who wishes to dispose a piece of property as against the wishes of the other co-owners is: a partition suit.

Learn more about partition suit on:

brainly.com/question/15463733

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6 0
1 year ago
Which one of the following favors a low dividend policy? A) The tax on capital gains is deferred until the gain is realized. E)
4vir4ik [10]

Answer: the tax on capital gains is deferred until the gain is realized

Explanation:

A low dividend payout is a situation that occurs when the majority of w company's profit are kept and then reinvested in the business while the rest will be shared as dividends.

A low dividend policy is favored when the tax on capital gains is deferred until the gain is realized.

6 0
3 years ago
Which three factors should you consider when deciding when and where to compose?
Alexeev081 [22]

Time management, environment, and interruptions are the three factors you should consider when deciding when and where to compose.

Time management: It is important to focus on the work on which you are doing to be a successful researcher. This can only succeed through successive management. Time management which is effective can make you more productive as well as minimize the factors which can affect your time like interruptions and procrastination during composing.

Environment: The best writing environment is necessary while composing. It forces the user to write because humans are social animals and are well motivated by social pressures. when it comes to writing That's a good thing. It urges the user to write more and to stay happier about doing as we are surrounded by other people who are composing.

Interruptions: After an interruption resuming the work is somehow not difficult for simple tasks, but it affects the complex ones.  Interruptions can threaten work resources which will create employee stress, work overload, time famine, and time pressure as per studies.

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8 0
1 year ago
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