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What Are Characteristics of Information Used in Decision Making

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What are characteristics of information used in decision making?


Definitions:

Journal Entries

Journal entries are the formal accounting record of financial transactions in the order they occur in a company’s financial system.

Pension Expense

The annual cost recognized by an employer for the benefits earned by employees in the employer-sponsored pension plan during the year.

Deferred Gain

A gain resulting from a business transaction that is recognized in financial statements in a period subsequent to the transaction.

Pension Expense

The total amount a business reports on its financial statements for contributions to pension plans for its employees.

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