Financial Accounting Information Is Least Useful in Providing

question 41

Multiple Choice

Financial accounting information is least useful in providing:

• A) information for stating corporate wide goals.
• B) information for internal decision makers.
• C) periodic reports for shareholders.
• D) aggregate information about an organisation's assets, obligations and performance.

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Definitions:

Ownership Percentage

The fraction or percentage of a company that is owned by a shareholder or group of shareholders.

Voting Shares

Shares that give the shareholder the right to vote on corporate matters.

Stock Split

A corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares.

Additional Shares

Extra shares issued by a company, which can result from financing activities, stock splits, or dividend reinvestment plans.