List at least five activities performed by managerial accountants.
What will be an ideal response?
Establishing accounting policies, managing the accounting system, preparing financial statements, interpreting financial information, providing financial advice to management, preparing tax forms, performing tax planning services, and preparing internal reports for management.
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When developing a recommendation for action that might be construed negatively by stakeholders, what technique should be incorporated in the communication?
A) Practical and useful information only B) Factual information that supports the opinion C) Conciseness to save people's time D) Clearly identified concepts E) Persuasive techniques
Information asymmetry seldom occurs.
Answer the following statement true (T) or false (F)
______ was passed to offset some of the imbalance of power given to labor by previous laws and included a list of unfair practices by unions.
A. National Labor Relations Act of 1935 (NLRA—Wagner Act) B. The Railway Labor Act of 1926 (RLA) C. Labor Management Relations Act of 1947 (LMRA—Taft-Hartley Act) D. Worker Adjustment and Retraining Notification Act of 1988 (WARN)
Generally accepted accounting principles require that certain unusual items be reported on the income statement. These items can be classified into two categories. One such category is those items that affect the current period income statement
Indicate whether the statement is true or false