Managerial Accounting Reports Are Prepared

question 61

Multiple Choice

Managerial accounting reports are prepared

• A) according to GAAP guidelines.
• B) to meet the needs of decision makers within the firm.
• C) for external users.
• D) all of these are correct

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Definitions:

Plows

Agricultural tools used for turning over the soil, typically to prepare it for planting crops by cutting, lifting, and overturning it.

Fertilizers

Substances added to soil to improve its fertility by supplying essential nutrients to plants, including nitrogen, phosphorus, and potassium compounds.

Digging Sticks

Simple tools used since ancient times for breaking the ground for planting seeds or for digging up roots and tubers.

Plows

Agricultural tools used for turning over the soil to prepare it for planting seeds by cutting, lifting, and turning over the soil.