An Accountant's Primary Function Is ________

question 88

Multiple Choice

An accountant's primary function is ________.

• A) the evaluation of the financial statements
• B) making decisions based on financial data
• C) the collection and presentation of financial data
• D) the planning of cash flows

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Definitions:

Readily Understandable Language

Language that is easily comprehensible to a general audience without specialized knowledge.

Breach of Warranty

The failure to fulfill the terms of a promise or guarantee made about the quality or condition of a product or service.

Finance Company

A type of financial institution that provides loans to consumers and businesses, often for specific purchases such as vehicles, equipment, or home improvements.

Holds a Lien

Refers to the legal right or interest that a lender has on a property, until a debt owed by the property owner is paid off.