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Comparing management accounting with financial accounting, which of the following statements is true? Question 3...

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Accounting

Comparing management accounting with financial accounting, which of the following statements is true?

Question 3 options:

A. Both use historical costs as their primary unit of measurement.

B. Both depend on the double-entry system of accounting.

C. Both require adherence to GAAP.

D. Financial accounting reports are more objective, whereas management accounting reports are more subjective.

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