Which of the Following Is Not a Characteristic of Financial

question 129

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 by external parties.
• C)Information is subjective,relevant,and future-oriented.
• D)Reports are prepared periodically.

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Definitions:

Photos App

A software application designed for organizing, editing, and sharing photos stored on a device.

Pictures Folder

The default folder in an operating system where images and digital photos are saved and organized.

Copying

The act of duplicating data or files from one location to another within a computer or over a network.

Moving Files

The process of changing a file's location from one folder or directory to another within a computer's file system.