The primary focus for financial accounting information is to provide information useful for
The primary focus for financial accounting information is to provide information useful for:
| Investing decisions | Credit decisions | |
|---|---|---|
| a. | Yes | Yes |
| b. | Yes | No |
| c. | No | Yes |
| d. | No | No |
Multiple Choice
Investing decisions and credit decisions.
Investing decisions but not credit decisions.
Credit decisions but not investing decisions.
Neither investing decisions nor credit decisions.
Homework Answers
Answer: Option A
The primary focus of financial accounting is on the financial information provided by profit- oriented companies to their present and potential investors and creditors. ... In the long run, a company will be able to provide investors and creditors with a rate of return only if it can generate a profit.
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The primary focus for financial accounting information is to provide information useful for
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