Which of the Following Statements About Financial Accounting Is CORRECT

question 50

Multiple Choice

Which of the following statements about financial accounting is CORRECT?

• A) Financial accounting is oriented towards helping investors make decisions.
• B) Financial accounting is forward-looking.
• C) Financial accounting is focused on detailed reports on parts of the company.
• D) Financial accounting is focused on planning and controlling operations.

---

Definitions:

Need To Belong

A basic human drive to create and sustain robust, lasting connections with others.

Mental Health Problems

A wide range of conditions that affect mood, thinking, and behavior, often requiring professional diagnosis and treatment.

Poor Physical Health

A state characterized by ill health or impaired physical functioning, often resulting from disease, injury, or lifestyle choices.

Mutual Concern

A state where individuals or groups have shared interests, problems, or goals often leading to cooperation or collaborative efforts.