Which of the following is the best description of accounting’s role in business?
Accounting provides stockholders with information regarding the market value of the company’s stocks.
Accounting provides information to managers to operate the business and to other stakeholders to make decisions regarding the economic condition of the company.
Accounting provides creditors and banks with information regarding the credit risk rating of the company.
Accounting is not responsible for providing any form of information to stakeholders. That is the role of the Information Systems Department.
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