Divide into groups as instructed by your professor and discuss the following:a. How does the description of accounting as the “language of business” relate to accounting asbeing useful for investors and creditors?b. Explain how the decisions you would make might differ if you were an external investor or amember of an enterprise’s management team.
Divide into groups as instructed by your professor and discuss the following:a. How does the description of accounting as the “language of business” relate to accounting asbeing useful for investors and creditors?b. Explain how the decisions you would make might differ if you were an external investor or amember of an enterprise’s management team.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Divide into groups as instructed by your professor and discuss the following:
a. How does the description of accounting as the “language of business” relate to accounting as
being useful for investors and creditors?
b. Explain how the decisions you would make might differ if you were an external investor or a
member of an enterprise’s management team.
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