alleryStart learning →About what share of small and medium-sized companies use cloud-based accounting software?
AMore than 30 percent
BMore than 50 percent
CMore than 70 percent
DMore than 90 percent
Answer & Solution
Correct answer: D. More than 90 percent
1. More than 90 percent of small and medium-sized companies use cloud-based accounting software.
2. It helps them synthesize the information they collect for their many financial statements.
3. That near-universal adoption is what lets accountants shift their focus toward advising clients rather than inputting data.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 14 "Using Financial Information and Accounting", section 14.8 Trends in Accounting_
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