Financial accounting information is characterized by all of the following except. a. It is historical in nature.

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Financial accounting information is characterized by all of the following except.

a. It is historical in nature.

b. It sometimes results from inexact and approximate measures.

c. It is factual, so it does not require judgment to prepare.

d. It is enhanced by management's explanation.

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Financial Accounting

ISBN: 9780077328702

15th Edition

Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello

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Question Posted: May 12, 2024 07:02 AM

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Financial accounting information is characterized by all of the following except. a. It is historical in nature.

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Answer c It is factual so it does not require judgment to prepare Financial accounting information i...View the full answer

Financial Accounting

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