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:

Procedural Memory

A type of long-term memory that enables people to perform tasks without consciously thinking about them, such as riding a bicycle or typing on a keyboard.

Implicit Memory

A kind of memory that helps improve task performance through past experiences without the individual being consciously aware of those experiences.

Conscious Recollection

The ability to intentionally remember and mentally re-experience specific past events.

Puzzle

A problem or enigma that challenges the mind, requiring thought and application to solve.