ACCT 2311 FINAL CH 1-11 Questions and Answers Grad
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-52) What is the primary purpose of financial accounting? A) Determine the amount of tax liability owed to the government. B) Communicate business activities to internal management. C) Measure business activities and communicate those measures to external users to make decisions. D) Measure the profitability of the company in order to assist employees with making decisions. - --ch 1 Answer: C -53) The primary purpose(s) of financial accounting is(are) to: A) Measure and record business t...