Which of the following statements is False
a. Cost accounting is a combination of both management and financial accounting because it addresses the needs of both internal and external users..
b. Financial accounting deals primarily with preparing financial statements for parties outside the organization.
c. Both management accountants and financial accountants must adhere to generally accepted accounting principles.
d. Management accounting deals primarily with providing information to parties inside an organization so they can plan and make decisions.
c
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The purpose of the interest section of a persuasive message is to
A) capture attention. B) prompt the audience to imagine how the solution might benefit them. C) increase the audience's desire to take the action recommended in the message. D) get the reader to act immediately. E) make acting on the requested action easy.
When do executives develop a mission statement?
A) At the beginning of the fiscal year B) During corporate strategic planning C) At the beginning of the project D) During the board of director meeting
In a process costing system, the application of factory overhead usually would be recorded as an increase in: (CPA adapted)
A. Factory overhead control. B. Finished goods inventory control. C. Work-in-process inventory control. D. Cost of goods sold.
The contribution margin ratio is expressed as:
A. A percentage of revenue. B. A contribution margin per unit. C. A total dollar amount for the period. D. Total contribution margin amount.