The primary purpose of financial accounting is to:a) Prepare tax returnsb) Provide information for internal decision-makingc) Record personal financial transactionsd) Provide information to external users

Explanation of Tax Accounting:Tax accounting focuses on preparing and filing tax returns, ensuring…

Answered: The primary purpose of financial…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 4EA: Discuss what information would be most useful for these users of accounting information: Management...

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The primary purpose of financial accounting is to: a) Prepare tax returns b) Provide information for internal decision-making c) Record personal financial transactions d) Provide information to external users