Question

Financial accounting: Multiple Choice Provides information primarily for external decision makers. Provides information primarily for a company's employees. Provides information primarily for the use of managers of the company. Is primarily used to compute a company's tax obligation. g

Answer 1

Answer:

The correct answer is letter "A": Provides information primarily for external decision makers.

Explanation:

Financial Accounting is the method of gathering, recording, summarizing and publishing financial data on a company that is useful to investors and creditors. The ultimate goal is to accurately report a business' financial picture and results at a given point in time and over a specified period.

Financial accounting output is a financial report containing different statements and explanatory notes.