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What the basic purpose of bookkeeping is to

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Reference no: EM132641484

Problem 1: Return on equity measures:

A. Solvency
B. Leverage
C. Profitability
D. Both solvency and leverage.

Problem 2: The basic purpose of bookkeeping is to:

A. Determine the taxable income of individuals and business entities
B. Provide financial information about an economic entity
C. Record the financial transactions of an economic entity
D. Develop the types of information best-suited to specific managerial decisions.

Reference no: EM132641484

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