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      Question

      Which of the following is NOT a limitation of financial

      accounting?
      A It ignores non-financial information. Correct Answer Incorrect Answer
      B It focuses only on quantitative information. Correct Answer Incorrect Answer
      C It communicates economic information about an enterprise to a wide variety of interested parties. Correct Answer Incorrect Answer
      D It relates to past transactions only. Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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