11 someone who loans financial resources to an organization is considered an owner o 4352261

11.Someone who loans financial resources to an organization is considered an owner of the business.

12.Revenues represent resources received from selling goods or services that constitute the primary operating activities of an organization.

13.Contributions of resources into the business by its owner(s) are known as revenues.

14.The operating activities of a business are critical to its ongoing success.

15.The payment of wages is a financing activity.

16.The purpose of financial reports is to provide information useful to current and potential investors and creditors in making decisions.

17.In accounting, debit refers to decreases in account balances.

18.Equipment is purchased on credit. This transaction would be recorded with a debit to an asset account and a credit to a liability.

19.Accounting can be described as a link between business activities and business decisions.

20.Return on Assets is an analytical tool that can be used to evaluate profitability of a company.

 

Posted in Uncategorized