Which of the following statements regarding the roles of accounting information is not true?
A) When creditors use accounting information to administer contracts, it serves a contracting role.
B) When accounting data are used to assess the worth of a company or its stock, they are said to be used in a valuation role.
C) When accounting information is used in managing the business, it is being used in a management function
D) When directors use financial information, it is being used to evaluate financial decisions to ensure that they

Question

Quizplus · Accepted Answer

The statement "When directors use financial information, it is being used to evaluate financial decisions to ensure that they " is incomplete and does not provide enough information to determine if it is true or false. A complete statement would be needed to make a determination.

Which of the Following Statements Regarding the Roles of Accounting