1
Question
Information in financial reports is based on _______ transactions.
Information in financial reports is based on _______ transactions.
Open in App
Solution
The correct option is A Economic
The information relates to an individual business enterprise. The information often is the product of approximations and estimates, rather than exact measurements. The financial statements typically reflect the financial effects of transactions and events that have already happened (i.e., historical). This means that all financial statements and other financial information required under the Loan Documents. Economic Transaction means transfer of goods, the rendering of services (including saving and risk-taking), and transfer of money and other investments between residents of one country and residents of another country.
The information relates to an individual business enterprise. The information often is the product of approximations and estimates, rather than exact measurements.
The financial statements typically reflect the financial effects of transactions and events that have already happened (i.e., historical). This means that all financial statements and other financial information required under the Loan Documents.
Economic Transaction means transfer of goods, the rendering of services (including saving and risk-taking), and transfer of money and other investments between residents of one country and residents of another country.
Suggest Corrections
0
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
