Which one of the following statements is true? Select one: O A. The user group of information from management accounting reports are the external users. O B. Financial accounting reports are usually produced annually but may be prepared half-yearly, quarterly or even monthly. O C. Financial accounting reports are not required by law. O D. Management accounting reports tend to be general-purpose.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter1: Accounting And The Financial Statements
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Which one of the following statements is true?
Select one:
O A. The user group of information from management accounting reports are the external users.
O B. Financial accounting reports are usually produced annually but may be prepared half-yearly, quarterly or even monthly.
O C. Financial accounting reports are not required by law.
O D. Management accounting reports tend to be general-purpose.
Transcribed Image Text:Which one of the following statements is true? Select one: O A. The user group of information from management accounting reports are the external users. O B. Financial accounting reports are usually produced annually but may be prepared half-yearly, quarterly or even monthly. O C. Financial accounting reports are not required by law. O D. Management accounting reports tend to be general-purpose.
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