Which of the Following Are Internal Reports That Accounting Provides

question 98

Multiple Choice

Which of the following are internal reports that accounting provides to internal users?

• A)Forecasts of cash needs for next year but not financial comparisons of operating activity alternatives.
• B)Financial comparisons of operating activity alternatives but not forecasts of cash needs for next year.
• C)Both forecasts of cash needs and financial comparisons are internal reports.
• D)Neither forecasts of cash needs nor financial comparisons are internal reports.

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Definitions:

Digital Divide

The gap between those who have ready access to computers and the internet, and those who do not, affecting opportunities for economic, educational, and social advancement.

Culture of Poverty

A concept in social theory that suggests that poverty is not only a result of lack of resources but is also perpetuated by the values and behaviors of those affected.

Mainstream Social Life

The dominant trends, behaviors, and cultural norms that are widely accepted and practiced by the majority of a society.

Absolute Deprivation

A condition characterized by the absence of basic needs required for physical well-being, such as food, shelter, and healthcare, irrespective of societal norms or relative measures.