Accounting Principles and Practices Quiz

Maximizing profits for the organization

Minimizing tax liabilities for the organization

Facilitating internal communication within the organization

Measuring and conveying economic activity information to stakeholders (correct)

Management accounting

Financial accounting (correct)

Cost accounting

Tax accounting

Measurement, analysis, and reporting of information for internal use by management (correct)

Analysis of cost structures for the organization

Recording of financial transactions for tax purposes

Preparation of financial statements for external users

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