Financial accounting information is characterized by all of the following except. a. It is historical in nature.

Question:

Financial accounting information is characterized by all of the following except.

a. It is historical in nature.

b. It sometimes results from inexact and approximate measures.

c. It is factual, so it does not require judgment to prepare.

d. It is enhanced by management's explanation.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780077328702

15th Edition

Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello

Question Posted: