Is the Field of Accounting That Develops Information for External

question 66

Multiple Choice

is the field of accounting that develops information for external decision makers such as stockholders, suppliers, banks, and government regulatory agencies.

• A) Auditing
• B) Financial accounting
• C) Tax accounting
• D) Management accounting

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Definitions:

Subjectivist Fallacy

This exists when someone insists that something is true simply because it is what they believe, ignoring any evidence to the contrary.

Fallacy

Incorrect reasoning in argumentation resulting from a misconception or distortion of a logical argument.

Objectivity

The state or quality of being unbiased, unprejudiced, and not influenced by personal feelings or opinions.

Appeal To Majority

The fallacy of using the fact that large numbers of people believe a proposition to be true as evidence of its truth.