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:

Leather Jackets

Durable outerwear made from the tanned hide of animals, primarily used for fashion, protection, and in motorcycle attire.

Consumer Income

represents the total earnings received by consumers, including wages, salaries, benefits, and income from investments, influencing their purchasing power.

Soybean

A leguminous plant widely grown for its edible beans which are rich in protein and oil.

Alternative Crops

Crops that are not the usual cash crops in a region, often introduced for diversification and risk reduction in agriculture.