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:

Larynx

The larynx, commonly known as the voice box, is an organ in the upper airway involved in breathing, producing sound, and protecting the trachea against food aspiration.

Psyche

Synonym for mind; an entity once proposed to be the source of human behavior.

Behavior

The actions or reactions of an organism, often in response to external stimuli.

Nonmaterial Entity

An entity that does not possess a physical form, often pertaining to concepts, ideas, or supernatural beings.