In Comparison with a Financial Statement Prepared in Conformity with Generally

question 94

Multiple Choice

In comparison with a financial statement prepared in conformity with generally accepted accounting principles,a management accounting report is more likely to:

• A)Be used by decision makers outside of the business organization.
• B)Focus upon the operation results of the most recently completed accounting period.
• C)View the entire organization as the reporting entity.
• D)Be tailored to the specific needs of an individual decision maker.

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Definitions:

Computer Byte

A unit of digital information in computing that commonly consists of eight bits.

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The basic unit of information in computing and digital communications, representing a binary state of 0 or 1.

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Any laptop or tablet running the Chrome OS as its operating system.