All of the following entities would have a need for managerial accounting information except: the state of Michigan. an Internet provider a retail clothing outlet a bookkeeping service None of these responses is correct, as all of these entities would use managerial accounting information

All of the following entities would have a need for managerial accounting information except: the state of Michigan. an Internet provider a retail clothing outlet a bookkeeping service None of these responses is correct, as all of these entities would use managerial accounting information

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter1: Role Of Accounting In Society

Section: Chapter Questions

Problem 4MC: Which of the following groups would have access to managerial accounting information? A. bankers B....

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Question

All of the following entities would have a need for managerial accounting information except:

the state of Michigan.
an Internet provider
a retail clothing outlet
a bookkeeping service
None of these responses is correct, as all of these entities would use managerial accounting information.

Definition Definition Process by which financial information is analyzed, interpreted, and communicated to managers to support the achievement of an organization's goals. The main objective of managerial accounting is to maximize profits and minimize losses.

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