Accounting is an information and measurement system that
A) identifies economic activities
B) records economic activities
C) communicates economic information
D) identifies and records economic activities
E) All of these
Correct Answer:
Verified
Q132: The accounting principle that states that revenue
Q133: Ethics
A) are beliefs that separate right from
Q134: In Canada, the national organization that has
Q135: A payment from a proprietorship or partnership
Q136: The accounting principle that requires financial statements
Q138: A corporation
A) is a legal entity separate
Q139: If the liabilities of a business increased
Q140: Profit is another name for
A) the income
Q141: If a business is not being sold
Q142: Revenue is recognized in most businesses
A) when
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