Which of the Following Is Not a Use of Accounting

question 26

Multiple Choice

Which of the following is not a use of accounting information?

• A)It helps uses make decisions relating to the business.
• B)It reduces uncertainty about the business's financial position.
• C)It helps answer questions about availability of funds to meet the business's obligations.
• D)It can accurately predict future profits.

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Definitions:

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Control

In experiments, the standard to which comparisons are made by keeping all variables constant except the one being tested.

Biased

Showing an unfair preference or prejudice for or against something or someone.

Suspend Belief

Temporarily accepting something as true or possible, even if it seems unlikely, often used in the context of fiction.