Which of the Following Statements About Financial Accounting Is Correct

question 96

Multiple Choice

Which of the following statements about financial accounting is correct?

• A)Financial accounting reports are used primarily by employees to make business decisions related to production.
• B)Financial accounting reports are used primarily by management to understand whether a product line should be discontinued.
• C)Financial accounting reports are primarily prepared to provide information for external decision makers.
• D)Financial accounting reports primarily contain detailed internal records of the company.