Which of the Following Statements Is True of Managerial Accounting

question 10

Multiple Choice

Which of the following statements is true of managerial accounting?

• A) The external stakeholders of a company are the primary users of managerial accounting.
• B) Managerial accounting information is used to help managers plan and control their operations.
• C) An external audit by an independent CPA is required for managerial accounting information.
• D) Managerial accounting information must comply with Generally Accepted Accounting Principles.

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Definitions:

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Settings within a software application or operating system that control access and permissions, helping protect data from unauthorized access.

End If Statement

A programming construct used to signify the end of an "if" block, which conditionally executes a section of code.

Dividing

The mathematical operation of partitioning a numerical value into specified groups or sections, resulting in a quotient.

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In programming, a reusable piece of code designed to perform a specific task, taking some inputs and returning an output.