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Accounting is a ______________________ that identifies, records, and communicates relevant, reliable, and comparable information about an organization's economic activities.
247. A ____________________ is a noncorporate business that is owned by only one person.
248. ______________ users of accounting information are users that are not directly involved in running the organization.
249. ______________ is the area of accounting aimed at serving external users.
250. ______________________ are procedures set up to protect company property and equipment, ensure reliable accounting reports, promote efficiency, and encourage adherence to company policies.
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