Which of the Following Is One of the Useful Features

question 69

Multiple Choice

Which of the following is one of the useful features of financial statements?

• A) GAAP statements always clearly separately disclose fixed and variable costs.
• B) GAAP statements include adjustments for the effects of inflation.
• C) GAAP statements are prepared and issued weekly, so they are the most timely sources of information to investors.
• D) GAAP financial statements are produced periodically, and contain information that can be used to analyze company profitability and solvency.

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Definitions:

Bill Of Lading

A formal document provided by a carrier to a shipper, specifying the kind, amount, and destination of the goods transported.

Transportation Costs

Expenses associated with moving goods from one location to another.

Third-Party Logistics Service Providers (3PLs)

Companies that provide outsourced logistics services to businesses for part, or all of their supply chain management functions.

Logistics

The detailed coordination of a complex operation involving people, facilities, or supplies, in the transportation, warehousing, and distribution of goods.