The Reports and Financial Statements Prepared by Accountants

question 35

Multiple Choice

The reports and financial statements prepared by accountants:

• A)Are more useful for profit-seeking businesses than they are for not-for-profit organizations.
• B)Are mainly used to help the firm complete its tax forms.
• C)Provide information that can be used by decision-makers both inside and outside the organization.
• D)Are not as useful now that firms have moved into a more global environment.