Which of the Following Statements Is True of Managerial Accounting

question 106

Multiple Choice

Which of the following statements is true of managerial accounting?

• A) Reporting under managerial accounting is constrained by rules such as generally accepted accounting principles.
• B) Managerial accounting is required to be reported annually, also may be reported monthly or quarterly.
• C) Managerial accounting provides information to the external stakeholders of the company.
• D) Managerial accounting is primarily concerned with generating information for use by managers.

Analyze the impact of civility on workplace behavior and culture.

Differentiate between various communication concepts including proxemics and paralanguage.

Understand the effects of communicative diseases on personal well-being and relationships.

Explain the role of paralanguage in conveying messages beyond words in communication.

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Definitions:

Book Value

For a company, the value of equity, equal to total assets minus total liabilities. Book value can be stated in total or per share. For an asset, book value is the net of original cost minus accumulated depreciation, and is generally referred to as net book value.

Original Cost

The initial monetary value of an asset or investment at the time of its acquisition.

Marginal Tax Rate

The rate at which the next dollar of income will be taxed. Generally the taxpayer’s bracket rate.

Depreciation

The reduction in value of an asset over time, due in particular to wear and tear.