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:

Individual Rights

Fundamental freedoms and protections that belong to each person, ensuring fair treatment under the law and society.

Teleology

A philosophical approach that explains phenomena by their ends or purposes, emphasizing that actions and entities are goal-directed.

Desired Result

The specific outcome or goal that an individual or organization aims to achieve through their actions or strategies.

Self-Interest

The pursuit of personal gain or advantage, often considered in the context of how it influences human behavior and decision-making.