Which Type of Accounting Information Is Intended to Satisfy the Needs

question 142

Multiple Choice

Which type of accounting information is intended to satisfy the needs of external users of accounting information?

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

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Definitions:

Customization

Making products to meet a particular customer’s needs or wants.

Transformation Process

The conversion of inputs (such as raw materials, information) into outputs (products or services) through a set of operations.