_____ Is a Formal,rule-Based Set of Accounting Principles and Procedures

question 67

Multiple Choice

_____ is a formal,rule-based set of accounting principles and procedures intended for use by outside owners,investors,banks,and regulators.

• A) Tax accounting
• B) Managerial accounting
• C) Financial accounting
• D) Forensic accounting

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Definitions:

Operate

To control the functioning of; manage or run.

Small Business

An independently owned and operated company that is limited in size and in revenue depending on the industry.