. Identify the six correct accounting activities from the list of 10 shown below: (Points : 2)
Helps in profit planning and preparation of budgets
Presenting data on a quarterly basis for audit purposes
Explaining cost data for quality analysis and control purposes
Analyzing intracompany cost-volume-profit relationships
Gathering and presentation of decision-making data
Benchmarking of standardized and planned costs to compare against actual costs
Determining manufacturing and service costs
Creating financial statements for reporting purposes
Analyzing and explaining the costs involved in producing or providing goods and services. Then explaining how they are reported in financial statements
Using GAAP to prepare reports to be audited by CPAs