1. Which of the following is not a characteristic of managerial accounting A. Information is...
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Accounting
1. Which of the following is not a characteristic of managerial accounting
A. Information is used by internal parties
B. reports are prepared according to GAAP
C. information is subjective, relevant, future-oriented
2. Which of the following is not a characteristic of financial accounting?
A. Information is objective, reliable and historical
B. information is reported at the decision-making level
C. reports are prepared periodically
3. Manufacturing costs are
A. The cost occurred to produce the final product
B. always fixed
C. always relevant
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