Question

In: Accounting

The objective of financial accounting is to provide ____(1)_____ parties with financial information about the entity that is ____(2)____ in making decisions.


QUESTION 1

The objective of financial accounting is to provide ____(1)_____ parties with financial information about the entity that is ____(2)____ in making decisions.  This information is supplied through _____(3)_____  statements.  

Fill in #2.   

QUESTION 2

The objective of financial accounting is to provide ____(1)_____ parties with financial information about the entity that is ____(2)____ in making decisions.  This information is supplied through _____(3)_____  statements.  

Fill in #3.

Solutions

Expert Solution

(1) - External

(2) - Needed

(3) - Financial

QUESTION 1 :

The objective of financial accounting is to provide ____(1)_____ parties with financial information about the entity that is (2)_Needed   in making decisions.  This information is supplied through _____(3)_____  statements.

QUESTION 2 :

The objective of financial accounting is to provide ____(1)_____ parties with financial information about the entity that is ____(2)____ in making decisions.  This information is supplied through ___ (3) Financial statements.


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