Which of the Following Statements Is False About Financial Accounting

question 148

Multiple Choice

Which of the following statements is false about financial accounting?

• A)Financial accounting helps investors make decisions.
• B)Financial accounting provides sufficient information for managers to effectively plan and control operations.
• C)Financial accounting reports help creditors make decisions.
• D)Financial accounting provides external reports.

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Definitions:

Equivalent Ratio

A proportional relationship between two quantities showing how many times one value contains or is contained within the other.

Ratio

A ratio is a quantitative relationship between two numbers showing the number of times one value contains or is contained within the other.

Ratio

A ratio represents a quantitative relationship between two or more numbers, showing how many times one value contains or is contained within the other.

Ratio

A mathematical term describing the quantitative relation between two amounts, showing the number of times one value contains or is contained within the other.