b.Financial audit is directed towards exterior individuals.c.Financial bookkeeping is able to provide audited, objective financial indevelopment.d.All of these selections are correct.

You are watching: Which of the following statements is true of financial accounting



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d.All of these choices are correct.

Explanation:

b.Financial accounting is directed towards external users.

Firms issue the financial statemnet to give information to world outsidethe firm. Their ends is to indevelop 3rd parties about the organization performance

a.Financial audit is topic to externally implemented rules.

Because, are done to provide indevelopment to 3rd parties the financial statement are topic to imposed rules of control and also board entities

c.Financial accountancy is able to administer audited, objective financial information

They aim to carry out indevelopment advantageous for the decision making related to the firm


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C. $49,600.

Explanation:

We have the right to uncover the net cash provided by operating activities using the information offered to us in the question. We will certainly begin from net income which is $43,000 and also then add 5,800 to it bereason it is a present ascollection which is decreasing which indicates that the company obtained cash for it, then we will certainly subtract 1,900 bereason it is a boost in inventory and we assume the firm passist cash for it because there are no boost in accounts pasoimg.orgble, and also then we will add 2,700 bereason depreciation is a non cash cost, therefore we will add it earlier once we calculate the cash gave by operating activities.

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