Reports That Present Data Without Analysis or Recommendations Are

question 2

Multiple Choice

Reports that present data without analysis or recommendations are

• A)informational reports.
• B)analytical reports.
• C)cost-benefit analysis reports.
• D)justification reports.

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Definitions:

IFRS

International Financial Reporting Standards, which are designed to bring consistency to accounting language, practices, and statements on a global scale.

Expected Loss

An estimated amount a company anticipates losing due to credit risk or other potential business risks.

Lawsuit

A legal action taken by one person or entity against another person or entity, typically in a court of law, over a dispute.

Financial Statements

Structured reports detailing the financial performance, position, and cash flows of a business, serving as a primary source of financial information.