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Acct 303 Answer
Chapter 1

Introducing Financial Accounting

Learning Objectives – coverage by question

| |Mini-exercises |Exercises |Problems |Cases |
| |25 |29, 33 | |45, 46 |
|LO1 – Identify the users of accounting information | | | | |
|and discuss the costs and benefits of disclosure. | | | | |
| |19, 20, 21 |27, 28, 32 |34, 35, 36 |43 |
|LO2 – Describe a company’s business activities and | | | | |
|explain how these activities are represented by the | | | | |
|accounting equation. | | | | |
| |22, 23, 24 |28, 30, 31 |35, 36, 37, 38, 39, |43, 45 |
|LO3 – Introduce the four key financial statements | | |40, 41, 42 | |
|including the balance sheet, income statement, | | | | |
|statement of stockholders’ equity and statement of | | | | |
|cash flows. | | | | |
|

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