Management Accounting and Financial Accounting Differ in That Management Accounting

question 1

Multiple Choice

Management accounting and financial accounting differ in that management accounting information is prepared

• A)following prescribed rules.
• B)using whatever methods the company finds beneficial.
• C)for shareholders.
• D)to summarize the whole company with little detail.

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Definitions:

Describing

The act of giving a detailed account or explanation about something or someone using words.

Spelling

The act of correctly sequencing the letters to form a word through writing or naming.

Spelling

The arrangement of letters in the correct order to form words, as per the rules of a language.

Spelling

The process or activity of writing or naming the letters of a word in the correct sequence.