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Select the true statement about accounting standards. Select a Choice Below current question choices OptionA Accounting standards provide only the external users with important data
Select the true statement about accounting standards. Select a Choice Below current question choices OptionA Accounting standards provide only the external users with important data to evaluate the financial position of a company; the internal users have to rely on the management reports to evaluate the use of resources by the company. OptionB Accounting standards and accurate reporting reduces the transparency in the financial information, resulting in good decision making by the investors and the lenders. OptionC Accounting standards provide more accurate reporting of financial information, resulting in better informed and confident financial decisions by investors
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