EA1.
LO 1.2Indicate whether each statement describes financial accounting or managerial accounting.
The information is directed at external users who are making decisions pertaining to investing, extending credit, and other decisions.
The principal users are the organization’s managers.
The key focus is on the entity as a whole.
The rules and principles are very flexible.
The information gathered is usually available after an independent audit has been completed.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “EA1. LO 1.2Indicate whether each statement describes financial accounting or managerial accounting. The information is directed at external ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Thom owes $7,400 on his credit card. The credit card carries an APR of 18.5 percent compounded monthly.
Answers (1)
At times, customers have an unexpected need and require certain departments, such as production, to change their schedule to meet the demands of the sales department.
Answers (1)
Which document should a job seeker send to a potential employer or interviewer after the end of the interview process? cover letter résumé career portfolio follow-up letter
Answers (1)
Coffee Klatch is an espresso stand in a downtown office building. The average selling price of a cup of coffee is $1.49 and the averagevariable expense per cup is $0.36. The average fixed expense per month in $1,300.
Answers (1)
A nation's production possibilities curve is bowed out from the origin because: A. resources are not equally efficient in producing every good. B. the originator of the idea drew it this way and modern economists follow this convention. C.
Answers (2)
New Questions in Business
What is accounting theory
Answers (1)
Most companies receiving a claim message tend to a. ignore the first phone call, e-mail, or letter. b. respond only to letters containing complaints that could result in lawsuits or financial harm. c.
Answers (1)
The demand curve of a monopolistically competitive firm A. is perfectly elastic. B. is horizontal because the firm must cut its price to sell more. C. is downwardminus-sloping because it sells an identical product. D.
Answers (1)
Scott Company had sales of $12,050,000 and related cost of goods sold of $7,100,000 for the year ending December 31, 20Y8. Scott provides customers a refund for any returned or damaged merchandise.
Answers (1)
Bill and sally kaplan have an annual spending plan that amounts to $104,000. if inflation is 4 percent a year for the next three years, what amount will the kaplans need for their living expenses three years from now?
Answers (1)