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    Contemporary Business Study Set 1
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    Exam 15: Understanding Accounting and Financial Statements
  5. Question
    The Procedure Used by Accountants to Convert Data About Transactions
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The Procedure Used by Accountants to Convert Data About Transactions

Question 20

Question 20

Multiple Choice

The procedure used by accountants to convert data about transactions to financial statements is called _____.


A) the cash flow method
B) the statement of owners' equity
C) the accounting cycle
D) the balance sheet

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