The essential characteristic(s) of accounting is (are)
A. communication of financial information to interested internal parties only.
B. communication of economic information to external parties.
C. identification and measurement of financial information only.
D. identification, measurement, and communication of financial information.
Answer:D
The essential characteristic(s) of accounting is (are)
A. communication of financial information to interested internal parties only. B. communication of economic information to external parties. C. identification and measurement of financial information only. D. identification, measurement, and communication of financial information.