Financial Accounting Can Be Broadly Defined as the Area of Accounting

question 32

Multiple Choice

Financial accounting can be broadly defined as the area of accounting that prepares financial statements to be used

• A) by parties internal to the business enterprise only.
• B) by investors only.
• C) by parties both internal and external to the business enterprise.
• D) primarily by external users and Canada Revenue Agency.

---

Definitions:

Freight Charges

Costs associated with transporting goods from one place to another, typically paid by the buyer or seller depending on the terms of sale.