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Economics, 16.06.2021 18:25 kuanjunjunkuan

3. Which of the following does not show one of the main functions of accounting? A. Fred prepared a report to be submitted to the taxing authorities.

B. John recorded the purchase of an equipment in the accounting books immediately after purchase.

C. Jason prepares financial reports monthly for the company's stakeholders.

D. Allen canvassed the price of a sewing machine to be used in the company's operations.

4. Which of the following statements describes the accounting process?

A. It involves identifying relevant economic events.
B. Recording economic events is an essential part of accounting process.
C. The accounting process is not complete if the financial information is not communicated to interested users.
D. All of the above.

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3. Which of the following does not show one of the main functions of accounting? A. Fred prepared a...
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