Data That Is Reported in Numbers Is Known as ______

question 166

Multiple Choice

Data that is reported in numbers is known as ______.

• A) qualitative
• B) quantitative
• C) narrative
• D) categorical

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Definitions:

Financial Reporting

Financial reporting involves the disclosure of financial information to various stakeholders about the company's performance over a period.

Management's Responsibility

The obligation of an organization's management to ensure accurate and complete financial reporting, adherence to laws and regulations, and effective operation of the entity.

Primary User Groups

The main categories of users who rely on a company's financial information, typically including investors, creditors, and regulatory agencies.

Financial Information

Data pertaining to the financial status or operations of a business, including balance sheets, income statements, and cash flow statements.