Which of the Following Is Not Characteristic of Financial Accounting

question 25

Multiple Choice

Which of the following is not characteristic of financial accounting?

• A)Information used in financial statements is prepared in conformity with generally accepted accounting principles.
• B)The information is confidential and is intended for use only by company management.
• C)The information is used in a wide variety of business decisions.
• D)The information is developed primarily by "private accountants" that is,accountants employed by business organizations.

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Definitions:

Latin America

A region that encompasses the countries in the Americas where Romance languages (languages derived from Latin, such as Spanish, Portuguese, and French) are primarily spoken.

Arab Culture

A rich and diverse cultural heritage found in the Arabic-speaking countries, characterized by its language, traditions, customs, art, and values that have been shaped over centuries.

Religious Orientation

An individual's or group's specific beliefs, practices, and affiliations regarding spirituality and religion.

Assertiveness

The quality of being self-assured and confident without being aggressive, crucial for effective communication and negotiation.