Which of the Following Is Not a Characteristic of Financial

question 110

Multiple Choice

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

• A)Financial reports are prepared according to GAAP.
• B)Information is used primarily by internal parties.
• C)Information is objective,reliable,and historical.
• D)Reports are prepared periodically.

Comprehend how contracts can be terminated by agreement or by law.

Explore the enforcement and limitations of exclusion clauses in contracts.

Grasp the principle of mitigating damages and the victim’s duties.

Understand the application of equitable and legal remedies in case of breach.

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Earth's Distance

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Evolution Of Life

The process through which living organisms have developed and diversified from earlier forms during the history of the earth.

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance, composed of hydrogen and oxygen, which is essential for all known forms of life.

Gene Pool

The complete set of unique genes in any population or species, representing genetic diversity.