Managerial Accounting Is Designed to Satisfy Needs of External Users

question 51

True/False

Managerial accounting is designed to satisfy needs of external users including creditors,investors,and governmental agencies.

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Definitions:

V

Typically represents voltage in electrical contexts, indicating the electrical potential difference between two points.

Cycle

In electrical terms, a cycle refers to one complete oscillation or wave of alternating current or voltage.

Frequency

The rate at which an alternating current or a repetitive electronic signal oscillates, typically measured in hertz (Hz).

Hertz

The unit of frequency in the International System of Units (SI), equal to one cycle per second.