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Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage Accounting Information Systems, 1e (Savage) Chapter 1 Accounting as Information 1) Accounting communicates to stakeholders A) minimally required public financial data. B) the financial outcomes of operating, investing, and financing activities. C) the sales strategy for the operating, marketing, and sales activities. D) black and white details about the economics of operating activities. Answer: B Diff: 1 Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of information. Section Reference: Why is Accounting Information Important? AACSB: Communication Bloom’s: Comprehension AICPA: AC: Reporting 2) Accounting communicates the financial outcomes of a business’s activities for A) operating. B) investing. C) financing. D) All of these answer choices are correct. Answer: D Diff: 1 Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of information. Section Reference: Why is Accounting Information Important? AACSB: Communication Bloom’s: Comprehension download via https://r.24zhen.com/SrPk1
