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    5. Which of the following is NOT a limitation of financial accounting?

    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

    Practice Next
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