The Primary Objective of Management Accounting Is

question 6

Multiple Choice

The primary objective of management accounting is

• A)to provide shareholders and potential investors with useful information for decision making.
• B)to provide banks and other creditors with information useful in making credit decisions.
• C)to provide management with information useful for planning and control of operations.
• D)to provide the relevant taxation authorities with information about taxable income.

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Definitions:

Conditional Estate

An interest in property that is dependent on the occurrence or non-occurrence of a specified condition.

Life Estate

A legal right to use and derive benefit from property for the duration of one's life, without ownership transferring until after death.

Mineral Rights

The legal rights to exploit and use minerals found beneath the surface of a parcel of land, which can be separated from the land's surface rights.

Water Rights

The legally granted permission to use water from a river, stream, or other body for designated purposes.