Financial accounting serves which primary function(s)? 1. Measures business activities. II. Communicates business activities to interested parties. III. Makes business decisions on behalf of interested parties.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter2: Introduction To Financial Statements
Section: Chapter Questions
Problem 9Q: What is the accounting equation? List two examples of business transactions, and explain how the...
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Financial accounting serves which primary function(s)?
1. Measures business activities.
II. Communicates business activities to interested parties.
III. Makes business decisions on behalf of interested parties.
Multiple Choice
I only
ll only
Ill only
I and II.
D
Transcribed Image Text:Financial accounting serves which primary function(s)? 1. Measures business activities. II. Communicates business activities to interested parties. III. Makes business decisions on behalf of interested parties. Multiple Choice I only ll only Ill only I and II. D
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