Financial Accounting Can Be Broadly Defined as the Area of Accounting

question 32

Multiple Choice

Financial accounting can be broadly defined as the area of accounting that prepares financial statements to be used

• A) by parties internal to the business enterprise only.
• B) by investors only.
• C) by parties both internal and external to the business enterprise.
• D) primarily by external users and Canada Revenue Agency.

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Definitions:

Domination

The exercise of control or influence over someone or something, or the state of being so controlled.

Submission

The action of accepting or yielding to a superior force or to the will or authority of another person.

Pain

An uncomfortable sensation that can range from mild, localized discomfort to unbearable agony, either physical or emotional.

Fetishism

A form of sexual desire in which gratification is linked to an abnormal degree to a particular object, item of clothing, or body part.