Which of the following statements about financial accounting is NOT true?
A) Financial accounting helps banks decide whether or not to lend.
B) Financial accounting helps stock market investors decide whether to buy company shares.
C) Financial accounting reports on the performance of managers as decision-makers.
D) Employees assess whether the company can repay long-term debt.

Question

Quizplus · Accepted Answer

Employees typically do not assess a company's ability to repay long-term debt; this is more relevant to creditors or financial analysts.

Which of the Following Statements About Financial Accounting Is NOT