Both Financial and Managerial Accounting Rely on the Same Underlying

question 8

Multiple Choice

Both financial and managerial accounting rely on the same underlying financial data but there are major differences.Managerial Accounting:

• A) Emphasizes financial consequences of past activities.
• B) Emphasizes precision.
• C) Emphasizes relevance.
• D) Must follow GAAP.

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Definitions:

Ventricular Filling

The phase of the cardiac cycle when the heart's ventricles fill with blood coming from the atria.

Diastole

The moment in the heartbeat cycle when the heart's muscle eases and the chambers are enabled to draw in blood.

AV Valves

The atrioventricular valves, which are located between the atria and ventricles of the heart and regulate blood flow.

Systolic Pressure

The maximum arterial pressure during contraction of the heart's left ventricle.