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What is the objective or purpose of financial accounting? A) To minimize the company's tax liability...

What is the objective or purpose of financial accounting?

A)

To minimize the company's tax liability

B)

To determine what the company owns and owes

C)

To identify issues when closing the company

D)

To control project costs
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Answer #1

Answer- The objective or purpose of financial accounting is = To determine what the company owns and owes.

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