Which of the Following Is Not a Correct Statement

question 104

Multiple Choice

Which of the following is not a correct statement?

• A)Managerial accounting benefits internal users.
• B)Managerial accounting reports must comply with generally accepted accounting principles.
• C)Managerial accounting includes reports and information prepared for a range of decision makers within the organization.
• D)Managerial accounting reports come in a variety of formats.

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Definitions:

Life Expectancy

The average period that an individual is expected to live based on statistical averages of age, country, and other factors.

Capital Accumulation

The process of acquiring additional assets, especially for investment purposes, leading to an increase in wealth over time.

Developing Countries

Nations with lower levels of industrialization, lower standard of living, and lower Human Development Index (HDI) ratings compared to developed countries.

Adult Illiteracy

The condition in which an adult lacks the basic reading and writing skills needed for managing daily living and employment tasks.