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    Financial Accounting Study Set 19
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    Exam 1: A Framework for Financial Accounting
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    The Primary Functions of Financial Accounting Are to Measure Business
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The Primary Functions of Financial Accounting Are to Measure Business

Question 62

Question 62

True/False

The primary functions of financial accounting are to measure business activities of a company and to communicate those measurements to internal parties for decision-making purposes.Financial accounting primarily serves to provide information to external parties.

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