Which of the Following Are Internal Reports That Accounting Provides

question 181

Multiple Choice

Which of the following are internal reports that accounting provides to internal users?

• A) Forecasts of cash needs for next year.
• B) Financial comparisons of operating activity alternatives.
• C) Both forecasts of cash needs and financial comparisons are internal reports.
• D) Neither forecasts of cash needs or financial comparisons is an internal report.

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Definitions:

Identity Bargaining

describes the process of negotiating one's social roles and identity within the context of interpersonal relationships or societal expectations.

Idealized Expectations

Unrealistically high standards or assumptions about a situation, experience, or relationship that often lead to disappointment.

Realities

The state of things as they actually exist, as opposed to an idealistic or notional idea of them.

Marital Burnout

The gradual deterioration of love and ultimate loss of an emotional attachment between partners.