Mastering the Fundamentals of Accounting and Finance
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Questions and Answers

Which of the following is a reason to study accounting?

  • To be a better manager
  • To understand business financing (correct)
  • To make better financial decisions
  • To interpret financial information
  • Who are the external users of accounting information?

  • Competitors and regulators
  • Customers and suppliers
  • Employees and managers
  • Investors and lenders (correct)
  • What is one of the purposes of financial reports?

  • To be read and understood by everyone
  • To interpret financial information
  • To provide information about the business (correct)
  • To make short-term financial plans
  • What is the role of accounting in making long-term investment decisions?

    <p>To understand business financing</p> Signup and view all the answers

    What do investors use accounting information for?

    <p>To make decisions about dividend streams</p> Signup and view all the answers

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