Financial accounting:
A. focuses on the future and includes activities such as preparing next year's operating budget
B. must comply with GAAP (generally accepted accounting principles)
C. reports include detailed information on the various operating segments of the business such as product lines or departments
D. is prepared for the use of department heads and other employees
Answer:B
Financial accounting:
A. focuses on the future and includes activities such as preparing next year's operating budget B. must comply with GAAP (generally accepted accounting principles) C. reports include detailed information on the various operating segments of the business such as product lines or departments D. is prepared for the use of department heads and other employees