Which of the Following Statements Is True of the Financial

question 23

Multiple Choice

Which of the following statements is true of the financial functions of an organization?

• A) The finance function of an organization can be divided into two distinct areas: primary activities and support activities.
• B) The auditing function involves receiving money from customers and using that money to pay employees,suppliers,and all other creditors (taxes and the like),with hopefully enough left over to create a profit that can be either reinvested back into the business or paid out to owners/shareholders.
• C) The financial transactions function offers certification of an organization's financial statements,or "books," as being accurate by an impartial third-party professional.
• D) The accounting function keeps track of all those financial transactions by documenting the money coming in and money going out and balancing the accounts at the end of the period.

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Definitions:

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