Which reports are external reports given to outside parties?
A)Financial accounting reports and management reports
B)Tax reports and management reports
C)Regulatory reports and tax reports
D)Management reports and regulatory reports

Question

Quizplus · Accepted Answer

Regulatory reports and tax reports are both external reports given to outside parties, such as government agencies or tax authorities. Financial accounting reports and management reports may be used internally and externally, while management reports and regulatory reports may also be used for internal purposes. Therefore, option C is the best answer.

Which Reports Are External Reports Given to Outside Parties