Which of the following statements about cost and management accounting are true? ...
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Accounting
Which of the following statements about cost and management accounting are true?
- Cost accounting cannot be used to provide inventory valuations for external financial reporting.
- There is a legal requirement to prepare management accounts.
- The format of management accounts vary from one business to another.
- Management accounting provides information to help management make business decisions.
A. i and ii
B. i and iv
C. ii and iii
D. iii and iv
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