Which of the following statements is correct? A. The preparation of managerial accounting information is...
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Accounting
Which of the following statements is correct? A. The preparation of managerial accounting information is not bound by Generally Accepted Accounting Principles. B. Managerial accounting systems provide information primarily used by shareholders and other external users. C. Managerial accounting systems produce the four basic financial statements. D. Financial accounting relies on the knowledge of broad, multidisciplinary teams to properly record and report transactions. E. Reports and other output provided by financial accounting systems focus on the future.
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