What is financial accounting information NOT used for?
A)investment decisions
B)regulatory measures
C)stewardship evaluation
D)costing products

Question

Quizplus · Accepted Answer

Financial accounting information is not primarily used for costing products, as that falls within the domain of managerial accounting. However, financial accounting information may provide some insight into the costs incurred by a company as a whole. Financial accounting information is used for investment decisions, regulatory measures, and stewardship evaluation.

What Is Financial Accounting Information NOT Used For