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:

Remarried Family

A family structure formed when one or both partners in a marriage have been previously married and may involve stepchildren.

Stepparent

An individual who is married to a person with children from a previous relationship and may take on a parental role to their stepchildren.

Parental Entitlement

The belief some parents hold that they have special rights or privileges in society and over their children, beyond what is typical or legally recognized.

Noncustodial Father

A father who does not have legal custody of his child, meaning the child resides primarily with the other parent.