Which of the Following Would Be Least Likely to Be

question 37

Multiple Choice

Which of the following would be least likely to be considered a managerial accounting report?

• A) a report to analyze potential efficiencies and savings for the purchase of new production equipment.
• B) a schedule of total manufacturing costs incurred
• C) a statement of cost of goods manufactured
• D) a statement of stockholders' equity

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Definitions:

Deferred Tax Liability

A tax obligation that a company owes in the future due to differences between accounting practices and tax regulations.

Depreciable Asset

An asset that loses value over time due to wear and tear or obsolescence, which can be depreciated over its useful life.

Realisation of Profit

The process by which a profit is recognized on the books once a transaction is completed and the revenue can be reliably measured.

External Party

An individual, group, or organization outside of a company that can affect or be affected by the business's activities.