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What Is Managerial Accounting and How Is It Used to Aid

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What is managerial accounting and how is it used to aid decision makers?


Definitions:

Intangibles

Non-physical assets owned by a business, such as patents, trademarks, and goodwill, that have value but cannot be touched or seen.

Drilling Rights

Legal permissions or licenses granted to individuals or companies to explore for and extract minerals, oil, or gas from the land.

Exploration Licenses

Exploration licenses grant the right to explore for natural resources, such as oil, natural gas, or minerals, in a designated area.

Stripping Activity Asset

An asset resulting from the removal of overburden or waste materials in mining operations, where the activity provides better access to mineral ore.

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