42. Managerial accounting is similar to financial accounting in that Group of answer choices a. both concentrate on historical costs. b. both are governed by generally accepted accounting principles. c. both deal with economic events; and both rely on cost accounting for information. d. both are governed by generally accepted accounting principles; and both rely on cost accounting for information. e. both concentrate on budgeted costs. f. both rely on cost accounting for information. g. both concentrate on historical costs and budgeted costs. h. both deal with economic events.
42. Managerial accounting is similar to financial accounting in that Group of answer choices a. both concentrate on historical costs. b. both are governed by generally accepted accounting principles. c. both deal with economic events; and both rely on cost accounting for information. d. both are governed by generally accepted accounting principles; and both rely on cost accounting for information. e. both concentrate on budgeted costs. f. both rely on cost accounting for information. g. both concentrate on historical costs and budgeted costs. h. both deal with economic events.
Chapter1: Accounting As A Tool For Managers
Section: Chapter Questions
Problem 5EA: Taylor Speedy has prepared the following list of statements about managerial accounting, financial...
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Question
42.
Group of answer choices
a. both concentrate on historical costs.
b. both are governed by generally accepted accounting principles.
c. both deal with economic events; and both rely on cost accounting for information.
d. both are governed by generally accepted accounting principles; and both rely on cost accounting for information.
e. both concentrate on budgeted costs.
f. both rely on cost accounting for information.
g. both concentrate on historical costs and budgeted costs.
h. both deal with economic events.
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