Valeria, Owner of Coolest Closet, Has Applied for a Business

question 72

Multiple Choice

Valeria, owner of Coolest Closet, has applied for a business loan. Her prospective banker has requested information concerning the financial condition of her business. Which accounting discipline is responsible for providing accounting information to outside stakeholders?

• A) management accounting
• B) financial accounting
• C) tax accounting
• D) certified bookkeeping

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Definitions:

Fear of Death

Describes the anxiety or dread associated with the anticipation of dying or the concept of mortality.

Open Punctuation

A writing style for business correspondence that omits traditional punctuation marks after the salutation and the complimentary close.

Copy Notation

A notation on written correspondence indicating additional recipients who have been sent copies of the document.

Complimentary Closing

The closing remark of a business letter found two spaces below the last line of the body of the letter.