TEST BANK FOR Intermediate Accounting 9th Canadian Edition

1. The essential characteristic(s) of accounting is (are) a. communication of financial information to interested persons. b. communication of financial information about economic entities. c. identification, measurement, and communication of financial information. d. all of these. 2. Financial accounting is concerned with the process that culminates in a. the preparation of financial reports. b. specialized reports for inventory management and control. c. specialized reports for income ...