2.	Why might employees be interested in their company's financial accounting information? Financial statement data are often used in determining employee bonuses.



3.	Which group establishes financial accounting rules in the United States? Financial Accounting Standards Board (FASB)



4.	Which report is one of the three primary financial statements? Statement of cash flows



5.	A company paid $5,000 cash in advertising costs.

Assets decrease by $5,000; expenses increase by $5,000.



6.	...
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