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Lecture Accounting information systems basic concepts and current issues (4th edition): Chapter 2 - Robert L. Hurt
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After completing this chapter, students will be able to: Review the simple circular flow diagram of a closed economy; illustrate how the closed economy circular flow diagram can be extended into an open economy circular flow diagram and all of its linkages with the rest of the world; explain the balance of payments accounts, which reflect the logic of the open economy circular flow diagram;...
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