Which Does Not Promote Communication

question 24

Multiple Choice

Which does not promote communication

• A)Being brief and concise
• B)Giving information in the order the events occurred
• C)Presenting facts
• D)Talking about two subjects at once

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Definitions:

Reportable Segments

Sections of a business that must separately disclose financial and other information in financial reports, due to their significant activity or size.

Interim Reporting

A financial reporting method used by companies to provide financial statements over periods shorter than a fiscal year, often quarterly.

Financial Position

A snapshot of what a company owns and owes at a specific point in time, often presented in the form of a balance sheet.

Interim Income Tax Expense

The estimated taxes a company incurs during an interim period, before the end of its fiscal year.