Which of the following statements about financial accounting is true? Select one: a. Information is prepared for internal users. b. Includes activities such as budgeting. c. Information is prepared for external users. d. Information is provided to assist management in their planning, controlling and decision-making responsibilities. Accountants who administer or wind-up businesses unable to pay debts specialise in the area of: Select one: a. cost accounting. b. auditing. C. general accounting. d. insolvency. Communication is the final stage of the accounting process and is considered to require the most extensive: Select one: a. Training, business experience and professional judgement b. Record-keeping c. Planning d. Measurement An example of a question raised by an external decision maker is: Select one: a. What will be the effect of increasing the selling price? b. What products should be produced? c. Is it better to purchase or lease an asset? d. Is the business financially sound