1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ivanzaharov [21]
2 years ago
12

Which three activities are part of the function of accounting?

Business
1 answer:
IgorC [24]2 years ago
4 0

The 3 activities which are part of the function of accounting includes:

  • Classifying financial transactions
  • interpreting financial transactions
  • Recording financial transactions

Accounting (<em>including bookkeeping</em>) refers to the process of recording, preparing, analyzing and interpreting financial information or statements for future purpose.

As regards the options, 3 activities which are part of the function of accounting includes:

  • Classifying financial transactions
  • interpreting financial transactions
  • Recording financial transactions

In conclusion, the process of accounting helps to identifies, records, classifies and communicate the company's economic events to interested users.

Missing word includes <em>"1. prioritizing financial transactions 2. classifying financial transactions 3. planning financial transactions 4. interpreting financial transactions 5. recording financial transactions"</em>

<em />

Read more about this here

<em>brainly.com/question/15393400</em>

You might be interested in
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its $1 par common
bogdanovich [222]

Answer:

When shares are repurchased, they are recorded at the cost price in the books which means that they will be recorded at:

= 100 * 40

= $4,000

Cash will then be credited because assets are credited when they reduce.

Treasury stock will be debited to show that Equity is reducing.

Date                       Account Title                                 Debit                  Credit

June, 30                Treasury Stock                            $4,000

                               Cash                                                                       $4,000

7 0
2 years ago
What is the percentage change in the multifactor labor and raw materials productivity measure for sunpath between 2011 &amp; 201
scZoUnD [109]
2013,2014,2015,2016,2017,2018,2019,2020,2021

6 0
2 years ago
On October 5, Loomis Company buys merchandise on account from Brooke Company. The selling price of the goods is $5,000, and the
Nadusha1986 [10]

Answer:

Explanation:

the attached pictures show the explanation

3 0
3 years ago
As the price of good X rises from $10 to $12, the quantity demanded of good Y rises from 100 units to 114 units. Are X and Y sub
Darina [25.2K]

Answer: Substitute

Explanation:

Substitute goods are the goods that can be used for the same purpose. Complement are the goods that are used together e.g. car and petrol.

It should be noted that when the price of a good increase, people move to the substitute and this will being about the rise in the quantity demanded of the other good.

Therefore, as the price of good X rises from $10 to $12, the quantity demanded of good Y rises from 100 units to 114 units shows that the are substitutes.

4 0
2 years ago
In exchange for manufactured goods, Native Americans in the West often traded sheep. Cattle. Furs. Guns.
Olenka [21]

The correct statement is that the Native Americans used to exchange furs for manufactured goods. Such practice of goods in exchange for goods is known as barter system. So, the correct option is C.

Barter system is one of the oldest form of trade and exchange system that has been in existence even before the invention of currency for the purpose of exchange.

<h3>Barter System</h3>

  • The barter system refers to as a system under which goods and commodities are traded for the exchange of excess goods and commodities.

  • The barter system has its own discrepancies and faults as there was no specific medium of exchange and this necessity led to the invention of currency notes and coins.

  • The Native Americans were mostly Indians and carried hunting of animals and hence the furs obtained from animals was in excess with them and as a result, it was exchanged for finished goods.

Hence, the correct option is C that the Native Americans used furs for the exchange of manufactured goods during the days of barter exchange system.

Learn more about barter system here:

brainly.com/question/1888121

4 0
2 years ago
Other questions:
  • Let’s suppose you (USA dealer) imported a product from German on Dec 1, 2018 at € 300, payable in 60 days. You sold the product
    13·1 answer
  • 5. While interest rate actions by the Federal Reserve captures most headlines, what is the most common method for the Federal Re
    9·1 answer
  • Tara is using Search Audiences to reach her most valuable customers. Which direct benefit might she obtain by using Search Audie
    10·1 answer
  • Sharp Screen Films, Inc., is developing its annual financial statements at December 31, current year. The statements are complet
    13·1 answer
  • Bryencia, a start-up media agency, has flexible work hours. The flexible work hours and leave policy at Bryencia boost employee
    6·1 answer
  • Suppose that government procurement liberalization results in the U.K. government importing automobiles from Germany, the low-co
    6·1 answer
  • David Harper, the marketing manager of a large cosmetic company, observes that when the company decreases the price of its premi
    5·1 answer
  • Larsen Films' is analyzing its cost structure. Its fixed operating costs are $470,000, its variable costs of $2.80 per unit prod
    5·1 answer
  • The money supply decreases if:
    5·1 answer
  • Cara has just come in for her morning shift , but the sales floor is a mess . Looks like the night crew didn't clean up . She gr
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!