In 2013, the employee at Lighthouse Services prepared an annual report for the bank that revealed total revenue in 2012 was $6,000,000. The manager needs the information to apply for a loan to purchase new equipment to maintain the operations at the organization. The report was prepared in accordance with GAAP and the report contained information about the 2012 financial performance at the company. Which of the following describes the role of the employee at Lighthouse Services?
A)Managerial Accountant
B)CFO
C)CEO
D)Board of Director
E)Financial Accountant

Question

Quizplus · Accepted Answer

The employee at Lighthouse Services who prepared the annual report in accordance with GAAP is a financial accountant. The annual report provides information about the financial performance of the company which can be used by the manager to apply for a loan to purchase new equipment.

In 2013, the Employee at Lighthouse Services Prepared an Annual