ACC 300 Week 2 Discussion Questions
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ACC 300 Week 2 Discussion Questions
This file ACC 300 Week 2 Discussion Questions consists of the right answers on the following questins:
- What are the different bases of accounting? When would you use the cash basis? Accrual basis? Tax basis? Which one is better? Why?
- What are the financial statements? What does each one tell you? Which financial statement is more important? Why?
- How are the financial statements related? Why do these relationships exist? What is the impact of a miscalculation in the income statement on other financial statements?
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