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Identify the importance of accounting by select statement(s) that is (are) correct below

a. Accounting information helps users make business and financial decisions
b. Accounting information is used throughoutthe year (NOT only at the end of a year when tax returns and financial statements are prepared) by businesses and individuals to help make financial decisions
c. Accounting is a system that identifies, records, and communicates financial informationRevenues – Expenses = Net IncomeComplete the following statement regarding risk analysis
d. Higher risk implies higher, but riskier, expected returns

Respuesta :

beritop1089

Answer:

A,B,C are correct

Explanation:

Accounting involves collection and reporting of financial information of a firm. This includes information on financial position, profitability, , and cash flows of the business. This helps to make decisions on how to invest in the business, manage the business, or lend money to it and tracks business income and expenses. Among the choices, these three are correct;

  • accounting information helps users make business and financial decisions .
  • Accounting is a system that identifies, records, and communicates financial informationRevenues – Expenses = Net Income
  • Accounting information is used throughout the year (NOT only at the end of a year when tax returns and financial statements are prepared) by businesses and individuals to help make financial decisions
ayfat23

It should be noted that the importance of accounting by are;

  • Accounting information helps users make business and financial decisions.
  • Accounting information is used throughout the year (NOT only at the end of a year when tax returns and financial statements are prepared) by businesses and individuals to help make financial decisions.
  • Accounting is a system that identifies, records, and communicates financial information Revenues – Expenses = Net Income Complete the following statement regarding risk analysis

Accounting can be regarded as the system which determine , records, and communicates financial information to the organization.

With accounting system, the organization can business and financial decisions easily.

Therefore, option A,B,C are correct.

Learn more about accounting at:

https://brainly.com/question/24371255

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