As part of the Sarbane's-Oxley act, public corporations must maintain financial documents for 10 full years

Which of the following is the primary focus of financial accounting?

A) providing information that managers need to make operational decisions B) providing summarized information on operational results to investors and creditors C) providing budgets for future periods D) providing highly detailed information on product lines, regions, and divisions

If Nestlé decides not to market biscuits (cookies) in the United States due to competitive reasons, it is considered to be having a lack of strategic focus and missed opportunity

Indicate whether the statement is true or false