C213 FINAL EXAM: ACCOUNTING FOR DECISION MAKERS QUESTIONS AND ANSWERS

C213 FINAL EXAM: ACCOUNTING FOR DECISION MAKERS QUESTIONS AND ANSWERS

What does accounting focus on?
Correct answer: The impact a business's activities have on its
overall financial performance
Which report summarizes cash collections and cash
expenditures from operating, investing, and financing activities
over a period of time?
Correct answer: Statement of cash flows
Which users would have a primary concern with an
organization's ability to provide healthcare benefits?
Correct answer: Employees
Which body regulates a certified public accounting firm's audit
practices when the firm is auditing a large publicly traded
company?
Correct answer: The Public Company Accounting Oversight
Board (PCAOB)

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