Which of the Following Are Internal Reports That Accounting Provides

question 21

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
• D)Neither forecasts of cash needs nor financial comparisons

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Definitions:

Finiteness of Rejection

The concept that rejection has a limited impact over time, helping individuals to recover and move forward from setbacks.

Natural Consequence

The outcome that naturally follows an action or behavior without any external intervention.

Non-Being

A philosophical concept referring to the absence or negation of being or existence.

Death Instinct

In psychoanalytic theory, an underlying drive towards death, self-destruction, or the return to an inorganic state, as opposed by the life instincts.