The primary purpose of financial accounting is to
A) supply information for external users' decision making.
B) provide data for internal users' decision making.
C) produce data for income taxes.
D) create an audit report.
E) organize the data for management.
Correct Answer:
Verified
Q6: Because officials in federal,state,and local governments are
Q7: Financial accounting serves external decision makers,such as
Q8: It is against SEC regulations to promote
Q9: The governmental agency that regulates the stock
Q10: Annual reports include all,but which of the
Q12: Describe the differences between financial accounting and
Q13: Accountants analyze and record
A)economic events.
B)costs.
C)revenues.
D)financial statements.
E)creditor statements.
Q14: The accounting equation can be stated as
Q15: Management accounting serves internal decision makers,such as
Q16: A liability that results from a purchase
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