Explain what it means to say that an accounting class is not the same as a math class.

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Answer 1

Textbook Question

Chapter 1, Problem 1RQ

Explain what it means to say that an accounting class is not the same as a math class.

Expert Solution & Answer

To determine

Accounting: Accounting is the process of recording, summarizing, and reporting all the financial transactions of a company over a period of time, to be used by the various decision makers of the company.

To Explain: That an accounting class is not the same as math class.

Explanation of Solution

Accounting class is very much different from the math class. In math operations, like addition, subtraction, and others are followed to derive value for the unknown variables, to formulate the theories and for other operations. On the contrary, accounting follows a systematic procedure of recording the various transactions of a company, which shall be used by the management, investors and creditors.

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Answer 2

Textbook Question

Chapter 1, Problem 1RQ

Explain what it means to say that an accounting class is not the same as a math class.

Expert Solution & Answer

To determine

Accounting: Accounting is the process of recording, summarizing, and reporting all the financial transactions of a company over a period of time, to be used by the various decision makers of the company.

To Explain: That an accounting class is not the same as math class.

Explanation of Solution

Accounting class is very much different from the math class. In math operations, like addition, subtraction, and others are followed to derive value for the unknown variables, to formulate the theories and for other operations. On the contrary, accounting follows a systematic procedure of recording the various transactions of a company, which shall be used by the management, investors and creditors.

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Answer 3

Textbook Question

Chapter 1, Problem 1RQ

Explain what it means to say that an accounting class is not the same as a math class.

Expert Solution & Answer

To determine

Accounting: Accounting is the process of recording, summarizing, and reporting all the financial transactions of a company over a period of time, to be used by the various decision makers of the company.

To Explain: That an accounting class is not the same as math class.

Explanation of Solution

Accounting class is very much different from the math class. In math operations, like addition, subtraction, and others are followed to derive value for the unknown variables, to formulate the theories and for other operations. On the contrary, accounting follows a systematic procedure of recording the various transactions of a company, which shall be used by the management, investors and creditors.

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Answer 4

Textbook Question

Chapter 1, Problem 1RQ

Explain what it means to say that an accounting class is not the same as a math class.

Expert Solution & Answer

To determine

Accounting: Accounting is the process of recording, summarizing, and reporting all the financial transactions of a company over a period of time, to be used by the various decision makers of the company.

To Explain: That an accounting class is not the same as math class.

Explanation of Solution

Accounting class is very much different from the math class. In math operations, like addition, subtraction, and others are followed to derive value for the unknown variables, to formulate the theories and for other operations. On the contrary, accounting follows a systematic procedure of recording the various transactions of a company, which shall be used by the management, investors and creditors.

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Answer 5

Textbook Question

Answer 6

Textbook Question

Answer 7

Expert Solution & Answer

To determine

Accounting: Accounting is the process of recording, summarizing, and reporting all the financial transactions of a company over a period of time, to be used by the various decision makers of the company.

To Explain: That an accounting class is not the same as math class.

Explanation of Solution

Accounting class is very much different from the math class. In math operations, like addition, subtraction, and others are followed to derive value for the unknown variables, to formulate the theories and for other operations. On the contrary, accounting follows a systematic procedure of recording the various transactions of a company, which shall be used by the management, investors and creditors.

Answer 8

Expert Solution & Answer

To determine

Accounting: Accounting is the process of recording, summarizing, and reporting all the financial transactions of a company over a period of time, to be used by the various decision makers of the company.

To Explain: That an accounting class is not the same as math class.

Explanation of Solution

Accounting class is very much different from the math class. In math operations, like addition, subtraction, and others are followed to derive value for the unknown variables, to formulate the theories and for other operations. On the contrary, accounting follows a systematic procedure of recording the various transactions of a company, which shall be used by the management, investors and creditors.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

To determine

Accounting: Accounting is the process of recording, summarizing, and reporting all the financial transactions of a company over a period of time, to be used by the various decision makers of the company.

To Explain: That an accounting class is not the same as math class.

Answer 12

Explanation of Solution

Accounting class is very much different from the math class. In math operations, like addition, subtraction, and others are followed to derive value for the unknown variables, to formulate the theories and for other operations. On the contrary, accounting follows a systematic procedure of recording the various transactions of a company, which shall be used by the management, investors and creditors.

Answer 13

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Explain what it means to say that an accounting class is not the same as a math class.

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