Identify which of the course given is mostly like financial accounting.

Question

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Answer 1

Question

Chapter 1, Problem 1SSQ

To determine

Identify which of the course given is mostly like financial accounting.

Expert Solution & Answer

Answer to Problem 1SSQ

a. Foreign Language.

Explanation of Solution

Financial accounting:

Financial accounting is the process of measuring the business activities of an organisation and communicating those measurements to investors, creditors and other external parties who depend upon the accounting information for making investment and lending decisions.

Justification for the incorrect answers:

Options of a, c and d:

College algebra, molecular biology and physical education are irrelevant to the concept of accounting. Therefore, all of these options are incorrect.

Justification for the correct answer:

Option b:

Accounting is “the language of business”. Therefore, financial accounting is one of the types of accounting that is mostly like foreign language which is used to measure the activities of the business and provides the information gathered to the external users for the purpose of decision making.

Conclusion

Therefore, from the above explanation, it is observed that Option b. Foreign language is the correct answer and the other options of a, c and d are incorrect.

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Answer 2

Question

Chapter 1, Problem 1SSQ

To determine

Identify which of the course given is mostly like financial accounting.

Expert Solution & Answer

Answer to Problem 1SSQ

a. Foreign Language.

Explanation of Solution

Financial accounting:

Financial accounting is the process of measuring the business activities of an organisation and communicating those measurements to investors, creditors and other external parties who depend upon the accounting information for making investment and lending decisions.

Justification for the incorrect answers:

Options of a, c and d:

College algebra, molecular biology and physical education are irrelevant to the concept of accounting. Therefore, all of these options are incorrect.

Justification for the correct answer:

Option b:

Accounting is “the language of business”. Therefore, financial accounting is one of the types of accounting that is mostly like foreign language which is used to measure the activities of the business and provides the information gathered to the external users for the purpose of decision making.

Conclusion

Therefore, from the above explanation, it is observed that Option b. Foreign language is the correct answer and the other options of a, c and d are incorrect.

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Answer 3

Question

Chapter 1, Problem 1SSQ

To determine

Identify which of the course given is mostly like financial accounting.

Expert Solution & Answer

Answer to Problem 1SSQ

a. Foreign Language.

Explanation of Solution

Financial accounting:

Financial accounting is the process of measuring the business activities of an organisation and communicating those measurements to investors, creditors and other external parties who depend upon the accounting information for making investment and lending decisions.

Justification for the incorrect answers:

Options of a, c and d:

College algebra, molecular biology and physical education are irrelevant to the concept of accounting. Therefore, all of these options are incorrect.

Justification for the correct answer:

Option b:

Accounting is “the language of business”. Therefore, financial accounting is one of the types of accounting that is mostly like foreign language which is used to measure the activities of the business and provides the information gathered to the external users for the purpose of decision making.

Conclusion

Therefore, from the above explanation, it is observed that Option b. Foreign language is the correct answer and the other options of a, c and d are incorrect.

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Answer 4

Question

Chapter 1, Problem 1SSQ

To determine

Identify which of the course given is mostly like financial accounting.

Expert Solution & Answer

Answer to Problem 1SSQ

a. Foreign Language.

Explanation of Solution

Financial accounting:

Financial accounting is the process of measuring the business activities of an organisation and communicating those measurements to investors, creditors and other external parties who depend upon the accounting information for making investment and lending decisions.

Justification for the incorrect answers:

Options of a, c and d:

College algebra, molecular biology and physical education are irrelevant to the concept of accounting. Therefore, all of these options are incorrect.

Justification for the correct answer:

Option b:

Accounting is “the language of business”. Therefore, financial accounting is one of the types of accounting that is mostly like foreign language which is used to measure the activities of the business and provides the information gathered to the external users for the purpose of decision making.

Conclusion

Therefore, from the above explanation, it is observed that Option b. Foreign language is the correct answer and the other options of a, c and d are incorrect.

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Answer 5

Chapter 1, Problem 1SSQ

To determine

Identify which of the course given is mostly like financial accounting.

Expert Solution & Answer

Answer to Problem 1SSQ

a. Foreign Language.

Explanation of Solution

Financial accounting:

Financial accounting is the process of measuring the business activities of an organisation and communicating those measurements to investors, creditors and other external parties who depend upon the accounting information for making investment and lending decisions.

Justification for the incorrect answers:

Options of a, c and d:

College algebra, molecular biology and physical education are irrelevant to the concept of accounting. Therefore, all of these options are incorrect.

Justification for the correct answer:

Option b:

Accounting is “the language of business”. Therefore, financial accounting is one of the types of accounting that is mostly like foreign language which is used to measure the activities of the business and provides the information gathered to the external users for the purpose of decision making.

Conclusion

Therefore, from the above explanation, it is observed that Option b. Foreign language is the correct answer and the other options of a, c and d are incorrect.

Answer 6

Chapter 1, Problem 1SSQ

To determine

Identify which of the course given is mostly like financial accounting.

Expert Solution & Answer

Answer to Problem 1SSQ

a. Foreign Language.

Explanation of Solution

Financial accounting:

Financial accounting is the process of measuring the business activities of an organisation and communicating those measurements to investors, creditors and other external parties who depend upon the accounting information for making investment and lending decisions.

Justification for the incorrect answers:

Options of a, c and d:

College algebra, molecular biology and physical education are irrelevant to the concept of accounting. Therefore, all of these options are incorrect.

Justification for the correct answer:

Option b:

Accounting is “the language of business”. Therefore, financial accounting is one of the types of accounting that is mostly like foreign language which is used to measure the activities of the business and provides the information gathered to the external users for the purpose of decision making.

Conclusion

Therefore, from the above explanation, it is observed that Option b. Foreign language is the correct answer and the other options of a, c and d are incorrect.

Answer 7

Chapter 1, Problem 1SSQ

To determine

Identify which of the course given is mostly like financial accounting.

Answer 8

Expert Solution & Answer

Answer to Problem 1SSQ

a. Foreign Language.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

Financial accounting:

Financial accounting is the process of measuring the business activities of an organisation and communicating those measurements to investors, creditors and other external parties who depend upon the accounting information for making investment and lending decisions.

Justification for the incorrect answers:

Options of a, c and d:

College algebra, molecular biology and physical education are irrelevant to the concept of accounting. Therefore, all of these options are incorrect.

Justification for the correct answer:

Option b:

Accounting is “the language of business”. Therefore, financial accounting is one of the types of accounting that is mostly like foreign language which is used to measure the activities of the business and provides the information gathered to the external users for the purpose of decision making.

Answer 12

Conclusion

Therefore, from the above explanation, it is observed that Option b. Foreign language is the correct answer and the other options of a, c and d are incorrect.

Answer 13

Ch. 1 - Prob. 1SSQ Ch. 1 - 2. Based on the introductory section of this...Ch. 1 - 3. Financial accounting serves which primary...Ch. 1 - 4. Resources of a company are referred to as...Ch. 1 - 5. Sales of products or services are referred to...Ch. 1 - 6. Amounts owed by the company are referred to...Ch. 1 - 7. Which financial statement conveys a company's...Ch. 1 - 8. Which financial statement shows that a...Ch. 1 - 9. A company reports the Following in its income...Ch. 1 - Prob. 10SSQ

Identify which of the course given is mostly like financial accounting.

Identify which of the course given is mostly like financial accounting.

Answer to Problem 1SSQ

Explanation of Solution

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Chapter 1 Solutions