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Truefalse 6 awar d 5outof 500points

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Unformatted text preview: bjective: 01­03 Explain the importance of financial accounting information for external parties—primarily investors and creditors—in terms of the objectives and the characteristics of that information. True / False 6. awar d: 5 out of 5.00 points The CPA examination is administered by the General Accounting Office of the U. S. Government. True False Learning Objective: 01­06 Identify and discuss several professional organizations that play important roles in preparing and communicating accounting information. True / False 7. awar d: 5 out of 5.00 points Financial accounting information is: Designed to assist investors and creditors. Not used by managers and in income tax returns. Called "special­purpose" accounting information. Not applicable to individuals. Multiple Choice e z to.mhe c loud.mc gr a w- hill.c om/hm_a c c ounting.tpx? todo= pr intvie w Learning Objective: 01­01 Discuss accounting as the language of business and the role of accounting information in making economic decision...
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