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.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 4DQ: Should a managerial accounting system provide both financial and nonfinancial information? Explain.
Related questions
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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