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List Four Qualities Information Must Have to Make It Useful

question 73

Essay

List four qualities information must have to make it useful.


Definitions:

Investment

The process of distributing funds with the goal of earning additional income or profits.

Withdrawal

Money taken out from a business by its owner for personal use, decreasing the owner’s equity in the business.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, presented in a structured manner.

Interrelationships

The way in which each of two or more things is related to the other or others.

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