MULTIPLE CHOICE , tockboldets would most likely use accountips information provi

Question

MULTIPLE CHOICE , tockboldets would most likely use accountips information provided by their fimt a) make capital budgeting decisions. b) gauge whether the firm is generating a satisfactory return on their investment c) determine whether the firm can repay them for their stock d) obtain information needed to fill out their individual tax returns 27 The accounting tasks once performed by bookkeepers are significantly different due to: a) the govermment's having substantially changed recording requirements b) computers that now perform routine tasks formerly performed by bookkeepers c) escalating fraud that resulted from bookkeepers unethical acts d) societal changes that affect what stockholders and other stakcholders want from a firm During the first few years of the 21st century, the accounting profession was recognized as the most ethical of all the business professions suffered a loss of jobs as computerized systems did away with the need for professional accountants a) b) c) focused mainly on helping firms improve the quality and accuracy of the financial d) was embarrassed by a series of scandals that seemed to suggest a serious decline ir information provided to stakeholders accounting standards

Explanation / Answer

Question - 26..............Option - B

Shareholders want to measure the adequacy of the returns generated by the firms.

Question - 27 .............Option - D

Changes in the requirements of shareholders and other stake holders is the main reason for the change in book keeping practices.

Question - 28 ................Option - D

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