The Two Fundamental Ways in Which Financial Accounting Numbers Are

question 79

Multiple Choice

The two fundamental ways in which financial accounting numbers are useful are

• A)prediction and influence.
• B)control and monitoring.
• C)prediction and monitoring.
• D)control and prediction.

---

Definitions:

Biconditional

A logical statement in which both parts are mutually dependent: if one is true, the other must be true, and vice versa.

Self-Contradiction

A statement that inherently contradicts itself, asserting and denying the same thing, thereby being false in all situations.

Main Component

The primary or most important part of a system, device, or mechanism.

Contingency

A future event or circumstance that is possible but cannot be predicted with certainty, often depending on other conditions or events.