The Objectives of an Accounting System Include All of the Following,except

question 26

Multiple Choice

The objectives of an accounting system include all of the following,except:

• A)Interpret and record the effects of business transactions.
• B)Classify the effects of transactions to facilitate the preparation of reports.
• C)Summarize and communicate information to decision makers.
• D)Dictate the specific types of business transactions that the enterprise may engage in.

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Definitions:

Kidneys

Bean-shaped organs that filter waste products from the blood, regulate fluid balance, and maintain electrolyte balance.

Bone Marrow

The soft, spongy tissue inside bones where blood cells are produced.

Stem Cells

Undifferentiated biological cells that can differentiate into specialized cells and can divide to produce more stem cells.

Blood Cells

Cells that circulate in the bloodstream, comprising red blood cells, white blood cells, and platelets.