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BUS 100 BUS/100 BUS100 Week 8 Quiz STRAYER (NEW)

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BUS 100 BUS/100 BUS100 Week 8 Quiz STRAYER (NEW)

  1. _____ is/are what the firm owes its creditors.
  2. Accountants define cost as
  3. Managerial accounting primarily serves the needs of a firm’s
  4. The major output of financial accounting is a set of statements including the
  5. _____ compares information contained in a firm’s financial statements over a period of two or more years.
  6. The _____ budget brings together all of the firm’s budgeting documents to provide a unified plan for the a specific budget period.
  7. _____ accountants provide services such as tax preparation, external auditing, or management consulting to clients on a fee basis.
  8. _____ provide reports, information, and analysis to managers to assist them with making better informed decisions.
  9. The Financial Accounting Standards Board hopes to make the U.S. accounting practices
  10. Bookkeepers encompass the routine procedures involved in reporting information about the financial transactions that affect an organization, while _____ go further by analyzing and interpreting this information and communicating the results to stakeholders.

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