According to the costminusbenefit principle if a change generates $50,000 in gains and $45,000 in losses, a. it is a pareto improvement. b. it is desirable. c. the desirability depends on who gains and who loses. d. the gain is not large enough to justify the change

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.