Which of the Following Entities Would Not Require Accounting Information

question 16

Multiple Choice

Which of the following entities would not require accounting information pertaining to their economic activities?

• A) Social clubs.
• B) Not-for-profit entities.
• C) State governments.
• D) All of these require accounting information.
• E) None of these requires accounting information.

---

Definitions:

Progressive Tax

A tax system where the tax rate increases as the taxable amount increases, placing a higher burden on those who have higher income levels.

Proprietary Income

Income earned from owning a business or holding exclusive rights to a product or service.

Government-run Businesses

Enterprises or corporations that are owned and operated by a government in order to provide goods or services to its citizens.

Excise Tax

A duty imposed on particular products, services, or actions, frequently intended to diminish their usage or to collect funds.