Which of the following is the best description of accounting's role in business?
A) Accounting provides stockholders with information regarding the market value of the company's stocks.
B) Accounting provides information to managers to operate the business and to other users to make decisions regarding the economic condition of the company.
C) Accounting provides creditors and banks with information regarding the credit risk rating of the company.
D) Accounting is not responsible for providing any form of information to users. That is the role of the Information Systems Department.
B
You might also like to view...
Decentralized services keep shoppers with returns to process in the selling area
Indicate whether the statement is true or false
Cash flow at disposal of an asset can be calculated as the disposal value plus the ________ on the loss
A) alternative minimum tax B) statutory tax C) tax shield D) tax credit