Accounting statements that are prepared for tax purposes and for outside investors often aren't helpful for managers who need to make decisions about marketing strategy.

Question

Quizplus · Accepted Answer

Accounting statements prepared for tax purposes focus on minimizing taxes rather than reflecting the true financial performance of the company, while statements prepared for outside investors focus on presenting a positive image of the company rather than providing detailed information for managers to make decisions. Therefore, these statements may not provide the specific information and insights that managers need to make decisions about marketing strategy.

Accounting Statements That Are Prepared for Tax Purposes and for Outside