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Business, 27.06.2019 04:00 asra44

Item 1 item 1 part 1 of 5 10 points required information understanding account and financial information - goodwill goodwill is a nonprofit organization designed to those that are in need. despite the fact that goodwill is a nonprofit, it must follow the same basic business principles that for-profit businesses do in order to stay solvent and survive. the accounting activities of the organization are nearly identical to those of for-profit businesses. this video describes the goal of goodwill, and it follows the creation of the financial statements in the accounting cycle. accounting is the recording, classifying, summarizing, and interpreting of financial events and transactions to provide management and other interested parties the information they need to make good decisions. most businesses use a formal accounting cycle to prepare and analyze the major financial statements (balance sheet, income statement, and statement of cash flows). click the â–º button to watch the video. then, answer the questions that follow. the main reason that the primary stakeholder of goodwill is the general public is because it

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