ACC 220 Week 3 DQ 1 And DQ 2

Question 1

ACC 220 Week 3 DQ 1 And DQ 2

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ACC 220 Week 3 DQ 1 And DQ 2

ACC 220 Week 3 DQ 1

When reviewing a financial report, why must information be reliable, relevant, consistent, and comparable? Why are these accounting characteristics important? What kinds of problems might result if a financial report is not reliable, relevant, consistent, or comparable?

ACC 220 Week 3 DQ 2

How does information from financial reports influence business decisions? Why is it important for business managers to understand the information found on financial reports?

Answer 1

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