The Principal Difference Between Management Accounting and Financial Accounting Is

question 20

Multiple Choice

The principal difference between management accounting and financial accounting is that financial accounting information is:

• A)Prepared by managers.
• B)Intended primarily for use by decision makers outside the business organization.
• C)Prepared in accordance with a set of accounting principles developed by the Institute of Certified Management Accountants.
• D)Oriented toward measuring solvency rather than profitability.

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Definitions:

Outer Skin Layer

The epidermis, which is the most superficial layer of the skin, acting as a barrier to protect underlying tissues and regulate water loss.

Corn Pads

Small, cushioned med pads designed to relieve pressure and pain from corns on the feet.

Pumice Stone

A light, porous volcanic rock used often in beauty treatments to remove dead skin.

Diaphoretic

pertaining to or causing sweating.