Chapter 01 – Accounting: The Language of Business
46. The area of accounting that involves the preparation of internal reports for a firm’s
executives and the analysis of the data in these reports to aid in decision making is known as
47. The corporations whose stock can be bought and sold on stock exchanges and in over-the-
counter markets are referred to as
48. The group of accounting educators who offer their opinions about proposed FASB
statements, after research has been done to determine the possible effects on financial
reporting and the economy, is
