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.
Correct Answer:
Verified
Correct Answer:
Verified
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