Which of Following Is TRUE

question 134

Multiple Choice

Which of following is TRUE?

• A) Management accounting focuses on historical transactions.
• B) Financial accounting uses the cash basis for recording transactions.
• C) Financial accounting focuses on future data.
• D) Management accounting focuses on relevant data.

---

Definitions:

Appraiser

A professional who assesses and determines the value of assets, such as real estate, jewelry, or artwork.

Used Cars

Previously owned vehicles that are available for purchase, and can vary greatly in terms of condition, age, and mileage.

Quality Distribution

The dispersion or spread of quality levels found within a group of items or services.

Appraiser

A professional who assesses and determines the monetary value of properties, goods, or art pieces.