Which of the Following Statements Is Not True

question 3

Multiple Choice

Which of the following statements is not true?

• A)A company is unlikely to be successful in the long run without adequate managerial accounting information to support decision making.
• B)Managerial accounting is completely optional.
• C)Managerial accounting reports are covered by rules comparable to those governing financial accounting.
• D)Internal users have access to all the underlying data in managerial accounting reports.

---

Definitions:

Automatic Extension

A provision that allows taxpayers additional time to file their tax returns without penalty.

Extension to File

An allowance by the IRS granting taxpayers additional time to file their income tax returns, beyond the April 15 deadline, without penalty for late filing.

Extension of Time

An allowance by the IRS giving taxpayers extra time to file their tax returns beyond the original due date.

Married Filing Separately

A tax filing status that allows a married individual to file their taxes separately from their spouse.