____________ Accounting Involves Preparing Financial Reports That Provide Information About

question 17

Short Answer

____________ accounting involves preparing financial reports that provide information about the business's performance to external parties such as investors,creditors,and tax authorities.

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Definitions:

Intellectual Property

Legal rights protecting creations of the mind, such as inventions, literary and artistic works, designs, and symbols.

Political Risks

Political risks are the probability of losses to a business, investment, or operation due to political instability, changes in government policy, or hostile actions by the government.

Contractual Relationship

A legally binding agreement between two or more parties, outlining their responsibilities and obligations.

Intellectual Property

The legal rights given to inventors and creators to protect their original works, inventions, and ideas for a certain period.