Question

All the following are ways in which accounting information is used by financial accounting users except...

All the following are ways in which accounting information is used by financial accounting users except to

a.   buy, sell, hold equity and debt instruments.

b.   decide whether to invest in the company.

c.   evaluate borrowing capacity to determine the extent of a loan to grant.

d.   plan and control company's operations.

Business   Accounting   
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Answer #1

ANSWER=

OPTION-(D)-IS THE CORRECT ANSWER .

Accounting information is used by financial users to the limited access of the company's financial information, Because financial accounting aims as providing the users to decide whether it is worth buying,selling, or holding their stock.

Thus, it is clear that Accounting infromation is used by financial accounting user to Buy, sell, hold equity and debt instrument and decide whether to invest in company or not, or evaluate Borrowing capapcity to determine the extent of a loan to grant.I.E.EXCEPT THE FOLLOWING ONE-

THAT IS , A FINANCIAL ACCOUNTING USER DOESN'T DETERMINE OR DIDN'T HAVE TO RIGHT OF PLAN AND CONTROL COMPANY'S OPRREATION.

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