Managerial Accounting Information Is Generally Prepared for

question 128

Multiple Choice

Managerial accounting information is generally prepared for

• A) stockholders.
• B) creditors.
• C) managers.
• D) regulatory agencies.

---

Definitions:

Financial Information

Data about a company's past, present, and future financial health and performance.

Financial Statements

Reports that provide a summary of a company's financial performance and position, including balance sheet, income statement, and cash flow statement.

Proprietorship

Proprietorship, also known as a sole proprietorship, is a business owned and operated by one individual, where there is no legal distinction between the owner and the business entity.

Personal Assets

Assets owned by an individual, including property, cash, and investments, that are not associated with any business activities.