Horngren's Cost Accounting: A Managerial Emphasis (16th Edition)
Horngren's Cost Accounting: A Managerial Emphasis (16th Edition)
16th Edition
ISBN: 9780134475585
Author: Srikant M. Datar, Madhav V. Rajan
Publisher: PEARSON
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Chapter 1, Problem 1.16MCQ

Which of the following is not a primary function of the management accountant?

  1. a. Communicates financial results and position to external parties.
  2. b. Uses information to develop and implement business strategy.
  3. c. Aids in the decision making to help an organization meet its goals.
  4. d. Provides input into an entity’s production and marketing decisions.
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Blossom Corporation issued 2,000 shares of $10 par value common stock upon conversion of 1,000 shares of $50 par value preferred stock. The preferred stock was originally issued at $57 per share. The common stock is trading at $28 per share at the time of conversion. Record the conversion of the preferred stock. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit
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Horngren's Cost Accounting: A Managerial Emphasis (16th Edition)

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