Question: Accounting reports and financial statements Blank _ _ _ _ _ _ . Multiple choice question. are only necessary for profit - seeing businesses are

Accounting reports and financial statements Blank______.
Multiple choice question.
are only necessary for profit-seeing businesses
are only necessary for firms that operate at a lossregardless of whether they are a profit or nonprofit firm
offer no benefit to nonprofit firms since they do not seek to gain a profit
are important for both profit and nonprofit organizations

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