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What is the main purpose of the optional working paper mentioned in the text?
What is the main purpose of the optional working paper mentioned in the text?
- To help prevent errors
- To review by auditors
- To prepare financial statements after adjusting entries (correct)
- To distribute to decision makers
Why is the optional working paper not distributed to decision makers?
Why is the optional working paper not distributed to decision makers?
- It may lead to errors
- It is used before adjusting entries are made (correct)
- It contains confidential information
- It is not considered important
What distinguishes the optional working paper from the final financial statements?
What distinguishes the optional working paper from the final financial statements?
- It is prepared after adjusting entries (correct)
- It is reviewed by auditors
- It is used for decision-making purposes
- It is helpful in preventing errors
Why is the optional working paper considered helpful in preventing errors?
Why is the optional working paper considered helpful in preventing errors?
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Who often utilizes the optional working paper mentioned in the text?
Who often utilizes the optional working paper mentioned in the text?
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