The Traditional View of Accounting Is That Its Purpose Is

question 15

Multiple Choice

The traditional view of accounting is that its purpose is to:

• A)explain how a firm reached the point it has reached and how it can expect to perform in the future.
• B)determine the profit that a firm made and the opportunities to make profit that is missed.
• C)calculate the taxable income of the firm.
• D)document the firm's current financial position.

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