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Chapter 1 financial statements and business decisions chapter 2 investing and financing decisions and the statement of financial position chapter 3 operating decisions and the statement of earnings. Aug 25, 2014 accounting is a system that collects and processes analyzes, measures, and records financial information about an organization and reports that information to decision makers. Financial accounting 10th edition libby test bank keehy. The business itself, not the individual stockholders who own the business, is viewed as owning the assets and owing the liabilities on its balance sheet.
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