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Investors and Creditors on Company Assignment

Author:
February 18th, 2020

Our company purchases collectibles from a wholesaler and sells them to customers in Pennsylvania. It is likely that our company is:

a service company

a merchandising company

a manufacturing company

a nonprofit entity

Which of the following is true about financial accounting?

It provides information to investors and creditors on the whole company.

It reports detailed information for segments of the company.

It provides detailed reports as needed.

It provides guarantees required that the company will be able to pay the debt. .

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