Financial accounting:

A. reports include detailed information on the various operating segments of the business.
B. must comply with GAAP (generally accepted accounting principles).
C. is prepared for the use of management.
D. focuses on the future.


Answer: B

Business

You might also like to view...

What should sellers consider if they wish to avoid marketing myopia?

What will be an ideal response?

Business

Which of the following most accurately describes an annuity?

A) an investment which produces increasing cash flows over time B) a series of unequal cash payments made at equal time intervals C) a stream of equal cash payments made at equal time intervals D) a term that does not apply to mortgage payable or bond payable

Business

To exercise the rights under the Family and Medical Leave Act, an employee whose need for a leave is foreseeable must advise the employer of that need at least 60 days prior to the anticipated date on which the leave should begin

Indicate whether the statement is true or false

Business

If apparent authority is present, the principal is liable for even the unauthorized acts of the agent

a. True b. False Indicate whether the statement is true or false

Business