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Managerial Accounting Focuses Primarily on the Performance of the Company

question 135

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Managerial accounting focuses primarily on the performance of the company as a whole.

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Definitions:

Net Income

The amount of money remaining after all operating expenses, taxes, and dividends have been subtracted from total revenue.

Fair Value

An estimate of the price at which an asset or liability could be exchanged between knowledgeable, willing parties in an arm's length transaction.

Equity Method

An accounting technique used to record investments in other companies when the investor has significant influence over the company.

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