Which of the Following Is NOT Part of the Financial

question 114

Multiple Choice

Which of the following is NOT part of the financial accounting information system?

• A)filing reports with the SEC
• B)reporting a large contingent liability to current and potential shareholders
• C)determining the future cash flows of a proposed flexible manufacturing system
• D)preparing GAAP financial statements

---

Definitions:

Stop Delivery

An order to halt the delivery process of goods, often issued when there is an issue with the order or if the goods are no longer needed.

Incidental Damages

Expenses reasonably associated with or related to the breach of a contract, beyond the direct damage costs.

Psychosexual Stages

Freud's theory of childhood development that centers on the manifestations of the sexual instinct at different ages.

Defense Mechanisms

Devices the ego uses to keep threatening material out of awareness and thereby reduce or avoid anxiety.