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Questions and Answers
Which of the following is a reason to study accounting?
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?
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?
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?
What is the role of accounting in making long-term investment decisions?
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What do investors use accounting information for?
What do investors use accounting information for?
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