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1. Financial accounting and managerial accounting have which common characteristic? a) Both culminate in the...

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Accounting

1. Financial accounting and managerial accounting have which common characteristic?

a) Both culminate in the preparation of financial statements.

b) Both focus on preparation of information for use by internal and external stakeholders.

c) Both are concerned with communication of financial information.

d) Both require financial information prepared in accordance with GAAP.

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