________ Is Designed to Meet the Needs of Internal Decision

question 8

Multiple Choice

________ is designed to meet the needs of internal decision makers.

• A)Tax accounting
• B)Managerial accounting
• C)Financial accounting
• D)Audit accounting

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Definitions:

Net Gain Or Loss

The overall financial result after all revenues are added and all expenses are subtracted.

Settlement Or Curtailment

Events that significantly reduce or eliminate the obligations or service period of a pension plan or other long-term benefits, requiring special accounting treatment.

Government Funding

Financial support provided by a governmental body to individuals, organizations, or projects deemed beneficial or necessary for the public or specific sectors.

Pension Costs

Expenses related to providing retirement benefits to employees, including contributions to pension plans and costs associated with pension plan management.