Financial accounting can be broadly defined as the area of accounting that prepares financial statements to be used
A. by parties internal to the business enterprise only.
B. by investors only.
C. by parties both internal and external to the business enterprise.
D. primarily by external users and Canada Revenue Agency.
Answer:C
Financial accounting can be broadly defined as the area of accounting that prepares financial statements to be used
A. by parties internal to the business enterprise only. B. by investors only. C. by parties both internal and external to the business enterprise. D. primarily by external users and Canada Revenue Agency.