16 Among those goods in transit which items should be included in Blosser's inventory at December 31? a. sales made FOB destination and purchases made FOB destination b. sales made FOB shipping point and purchases made FOB shipping point O c sales made FOB shipping point and purchases made FOB destination O d. sales made FOB destination and purchases made FOB shipping point

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A: Accounting is the method of recording financial transactions in a business. Accounting is the…

Q: two characteristic

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Q: Who are some the basic users of financial statements, why and how do they use them?

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Q: What are the 2 Fundamental Qualities of useful accounting information? Answers: Faithful…

A: Accounting information is concerned with the financial statements produced by bookkeeping and…

Q: 1)What isCharacteristics of management accounting ?

A: Management accounting is a form of accounting system which is useful for management of the…

Q: Critically comment on Positive Accounting Theory (PAT) (

A: Accounting is a process that involves the recording of the transactions of financial nature.

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Q: List and discuss two similarities and two differences between AIS and other areas of accounting.

A:

Q: .Write down the definition, Importance, and users of accounting information in detail

A: Accounting Information:- This is the information that is used by internal and external users for…

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A: The term "accounting influence" describes how several facets of financial reporting,…

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Q: Explain how accounting influence your personal decision making?

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Q: Q#03: Draw and explain the hierarchy of accounting qualities?

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A: The accounting system allows a business organization to keep track of all the financial…

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A: Income statement is a financial statement that shows profitability, total revenue and total…

Q: Define different accounting principles with examples?

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A: Financial information: It implies to the information that relates to the company's financial status…

Q: Which of the following is a fundamental quality of useful accounting information? Select one: a.…

A: The question pertains to the fundamental qualities that make accounting information useful for users…

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A: Of these components, resources, liabilities, and value are remembered for the asset report. Incomes…

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Q: What exactly do you mean by the idea of materiality in accounting?

A: This question explains about the idea of materiality in accounting

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A: The question is multiple choice question. Required  Choose the Correct option

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A: Generally Accepted Accounting Principles are used in preparing account of an entity. The purpose of…