Which of the Following Activities Is NOT Associated with the Financial

question 52

Multiple Choice

Which of the following activities is NOT associated with the financial accounting information system?

• A)reporting on the cost of quality
• B)reporting to the SEC
• C)preparing reports for the IRS
• D)preparing a statement of cash flows

---

Definitions:

Discharge of Obligations

A legal term for the act of releasing a party from their contractual obligations, typically through fulfillment, agreement, or operation of law.

Order for Relief

Legal authorization granted by a bankruptcy court that allows a debtor protection from creditors under bankruptcy laws.

Voluntary Petition

A document filed by an individual or corporation initiating a bankruptcy case of their own accord.

Automatic Stay

A legal provision in bankruptcy law that temporarily halts lawsuits, foreclosures, garnishments, and all collection activities against the debtor the moment a bankruptcy petition is filed.