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Which of the Following Statements About Financial Accounting Is Correct

Question 22

Multiple Choice

Which of the following statements about financial accounting is correct?


A) Financial accounting reports are used primarily by employees to make business decisions related to production.
B) Financial accounting reports are used primarily by management to understand whether a product line should be discontinued.
C) Financial accounting reports are primarily prepared to provide information for external decision makers.
D) Financial accounting reports primarily contain detailed internal records of the company.

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