Which of the Following Is Not a Characteristic of Financial

question 68

Multiple Choice

Which of the following is not a characteristic of financial accounting?

• A)Information is reported at the decision making level.
• B)Information is used by external parties.
• C)Information is objective,reliable and historical.
• D)Reports are prepared periodically.

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Definitions:

Relevant Context

Pertains to the circumstances or setting that impacts the significance or understanding of an event, statement, or idea.

Grammatical Rules

The organized rules directing how words, phrases, and clauses are arranged within a specific natural language.

Novel Utterances

Newly created or original sentences or expressions produced by combining known words in new ways, indicative of language creativity.

2 Or 3 Years Old

A developmental stage in children characterized by rapid growth in language, motor skills, and understanding of the world around them.