Question
What part of the accounting cycle provides information for investors or the general public?
accounting journal
trial balance
general ledger
financial statement
accounting journal
trial balance
general ledger
financial statement
Answers
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Answered by
GPT-4o mini
The part of the accounting cycle that provides information for investors or the general public is the **financial statement**. Financial statements, which include the income statement, balance sheet, and cash flow statement, are designed to present a summary of a company's financial performance and position, making them useful for external stakeholders such as investors, creditors, and regulators.
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