TBank for Accounting Principles 14th Edition b Study guides, Class notes & Summaries
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Test Bank for Accounting Principles 14th Edition by Jerry J. Weygandt, Paul D. Kimmel
- Exam (elaborations) • 1929 pages • 2023
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- $15.49
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CHAPTER 1 
ACCOUNTING IN ACTION 
CHAPTER LEARNING OBJECTIVES 
1. Identify the activities and users associated with accounting. Accounting is an information 
system that identifies, records, and communicates the economic events of an organization to 
interested users. The major users and uses of accounting are as follows: (a) Management 
uses accounting information to plan, organize, and run the business. (b) Investors (owners) 
decide whether to buy, hold, or sell their financial interests on th...
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