It Is the Function of Management Accounting to Perform the Following

question 116

Multiple Choice

It is the function of management accounting to perform the following activities,except:

• A)Financial forecasts.
• B)Cost accounting.
• C)Internal audits.
• D)Audited financial statements.

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Definitions:

Interest Earned

The income received from investment assets before taxes and expenses have been deducted.

Investment

The allocation of money into financial assets, property, or other ventures in the expectation of obtaining an income or profit.

Interest Rate

The percentage of a sum of money charged for its use, often expressed as an annual percentage.