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Which of the following is not a characteristic or limitation of the kind of information that financial reporting by business enterprises can provide?

A. The information results in approximate, rather than exact, measures.

B. The information largely reflects the financial effects of transactions that have already happened.

C. The information is provided and used at a cost.

D. All of the above are characteristics or limitations of the kind of information that financial reporting by business enterprises can provide.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M941493

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