Which of the following is most associated with financial accounting?
A) Can have both objective and subjective information
B) Can be prepared periodically, or as needed
C) Prepared in accordance with GAAP
D) Can be prepared for the entity or segment

Question

Quizplus · Accepted Answer

Financial accounting is mainly concerned with preparing financial statements that are compliant with generally accepted accounting principles (GAAP).

Which of the Following Is Most Associated with Financial Accounting