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What is the purpose of financial accounting? a) To provide information for internal decision making b) To record and report financial transactions c) To analyze market trends and forecasts d) To manage the company's budget

What is the purpose of financial accounting? a) To provide information for internal decision making b) To record and report financial transactions c) To analyze market trends and forecasts d) To manage the company's budget

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter2: Financial Reporting: Its Conceptual Framework
Section: Chapter Questions
Problem 6MC
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What is the purpose of financial accounting? a) To provide information for internal decision making b) To record and report financial transactions c) To analyze market trends and forecasts d) To manage the company's budget
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