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Which of the following terms is (are) defined correctly?
Factory Overhead
Indirect manufacturing costs that are not directly tied to the production of goods, such as maintenance, utilities, and salaries for management.
Managerial Accounting Reports
Internal financial documents that provide key financial and operational information to help managers make informed decisions.
GAAP
A compilation of standard accounting regulations and practices for financial reporting, termed Generally Accepted Accounting Principles.
Sustainability Accounting Standards Board
A board that was organized in 2011 to develop accounting standards that help companies report decision-useful sustainability information to external financial statement users.
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