What is Financial Reporting?
A) The process of communicating internal accounting information to existing and potential investors, creditors, lenders, and other external decision makers.
B) The process of communicating financial accounting information to existing and potential investors, creditors, lenders, and other external decision makers.
C) The process of preparing financial accounting information to existing and potential investors, managers, and employees.
D) The process of communicating the strategic plan to existing and potential investors, creditors, lenders, and other external decision makers.
B
You might also like to view...
Charity service and bad debts in a government hospital that follows business-type accounting are:
A. Reported differently, with charity service disclosed in the notes to the financial statements and bad debts reported as a deduction from revenue. B. Both reported as deductions from gross patient revenue in arriving at net patient revenue. C. Both reported as expenses. D. Reported differently, with charity service reported as a deduction from gross patient revenue and bad debts reported as an expense.
Distinguish between value-based pricing and cost-based pricing
What will be an ideal response?
What is the aim of tax equalization as a part of compensation?
a) Provide extra money in case of tax discrepancies b) Lower the tax obligation of the organization c) Provide that expatriates neither gain nor lose as a result of taxation d) A bonus to incentivize expatriates.
Case 5-1Tonya teaches public speaking at a local college. Today she is covering the topic of "Managing Questions and Answers." Please answer the questions below. Speakers should repeat the question asked by an audience member ____.
A. after each question B. only if absolutely necessary C. only if the person is a nonnative speaker D. only if the person talks softly