In your own understanding, please answer the following: 1. What are the importance of knowing, analyzing and assessing the financial statement in the decision making of internal and external users in the organization? 2. Explain briefly how do you understand the concept of Cost of Good Sold.

In your own understanding, please answer the following: 1. What are the importance of knowing, analyzing and assessing the financial statement in the decision making of internal and external users in the organization? 2. Explain briefly how do you understand the concept of Cost of Good Sold.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 11Q: Explain the components of the total cost equation and describe how each of the components can be...

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In your own understanding, please answer the following:

1. What are the importance of knowing, analyzing and assessing the financial statement in the decision making of internal and external users in the organization?

2. Explain briefly how do you understand the concept of Cost of Good Sold.

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