Which of the following is most associated with financial accounting reports?
A)can have both objective and subjective information
B)can be prepared periodically, or as needed
C)prepared in accordance with GAAP
D)can be prepared for the entity or segment

Question

Quizplus · Accepted Answer

Financial accounting reports are prepared in accordance with Generally Accepted Accounting Principles (GAAP) to ensure consistency, reliability, and comparability of financial information.

Which of the Following Is Most Associated with Financial Accounting