Which of the Following Is the Primary Focus of Financial

question 34

Multiple Choice

Which of the following is the primary focus of financial accounting?

• A)providing information that managers need to make operational decisions
• B)providing summarized information on operational results to investors and creditors
• C)providing budgets for future periods
• D)providing highly detailed information on product lines, regions, divisions, etc.

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Definitions:

Science, Engineering, And Technology

Collective fields of study and application dedicated to understanding natural phenomena and solving practical problems.

Workplace

The location or environment where individuals engage in professional or vocational activities.

Age

The length of time that a person or thing has existed.

Economic Recession

A period of significant decline in economic activity across the economy, lasting longer than a few months.