Which of the following statements is true of financial accounting? a. Financial accounting is subject to externally imposed rules. b. Financial accounting is directed toward external users. c. Financial accounting is able to provide audited, objective financial information. d. All of these choices are correct.

Question

Business

Adyson

26 January, 19:05

Which of the following statements is true of financial accounting? a. Financial accounting is subject to externally imposed rules. b. Financial accounting is directed toward external users. c. Financial accounting is able to provide audited, objective financial information. d. All of these choices are correct.

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Answers (1)

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Anabel Rocha · Answer 1

d. All of these choices are correct.

Explanation:

b. Financial accounting is directed toward external users.

Firms issue the financial statemnet to give information to people outsidethe company. Their ends is to inform third parties about the business performance

a. Financial accounting is subject to externally imposed rules.

Because, are done to provide information to third parties the financial statement are subject to imposed rules of control and board entities

c. Financial accounting is able to provide audited, objective financial information

They aim to provide information useful for the decision making related to the firm