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hannahk17 hannahk17
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6 years ago
In what ways does accounting information proactively interact with its environment?
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
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6 years ago
 Financial accounting is proactive in that it can change or influence its environment by providing feedback information that is used by organizations and individuals to reshape the economy. Accounting information is used to efficiently allocate capital resources throughout the economy.  Accounting standards can also influence managerial behavior.
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