The following are characteristics of financial accounting, except A. It is used by both internal and external users. B. It contains historical financial data. C. It is used primarily for decision-making D. It is verifiable (Choose letter only)

The following are characteristics of financial accounting, except A. It is used by both internal and external users. B. It contains historical financial data. C. It is used primarily for decision-making D. It is verifiable (Choose letter only)

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter2: Financial Reporting: Its Conceptual Framework

Section: Chapter Questions

Problem 5MC

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Question

The following are characteristics of financial accounting, except

A. It is used by both internal and external users.

B. It contains historical financial data.

C. It is used primarily for decision-making

D. It is verifiable

(Choose letter only)

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