Answer only please. Which type of accounting information is intended to satisfy the needs of external users of accounting information?1Multiple ChoiceCost accountingManagerial accountingTax accountingFinancial accounting

Financial accounting, management accounting and cost accounting are different forms of accounting.…

Which type of accounting information is intended to satisfy the needs of external users of accounting information? Multiple Choice Cost accounting Managerial accounting Tax accounting Financial accounting

Which type of accounting information is intended to satisfy the needs of external users of accounting information? Multiple Choice Cost accounting Managerial accounting Tax accounting Financial accounting

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 5Q: Which area of accounting needs a computerized accounting information system the mostâ€”payroll, tax,...

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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

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Answer only please.

Which type of accounting information is intended to satisfy the needs of external users of accounting information?
1
Multiple Choice
Cost accounting
Managerial accounting
Tax accounting
Financial accounting

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