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

Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter17: Other Services Provided By Audit Firms
Section: Chapter Questions
Problem 58RSCQ
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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
Transcribed Image Text: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
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