Managerial accounting places consider able weight on:
a. generally accepted accounting principles.
b. the financial history of the equity.
c. ensuring that all transactions are properly recorded.
d. detailed segment reports about departments, products, and customers.
Managerial accounting places consider able weight on:
| a. | generally accepted accounting principles. | |
| b. | the financial history of the equity. | |
| c. | ensuring that all transactions are properly recorded. | |
| d. | detailed segment reports about departments, products, and customers. |
Related questions
Managerial accounting information is restricted by which of the following authorities or principles?
| a. | Value Added Principle | |
| b. | Generally Accepted Accounting Principles | |
| c. | Securities and Exchange Commission | |
| d. | Financial Accounting Standards Board |
Which of the following costs is not considered to be an inventory (product) cost?
| a. | Raw material | |
| b. | Production wages | |
| c. | Depreciation of delivery vehicles | |
| d. | Factory utilities |
Which of the following is a characteristic of managerial accounting information?
| a. | It is historically based. | |
| b. | It is regulated by the SEC. | |
| c. | It is directed to external users. | |
| d. | It involves continuous reporting. |
Carson Manufacturing Company recognized accrued compensation for sales staff. Which of the following choices accurately reflects how this event would affect the company's financial statements?
| a. | decrease one asset account and decrease an equity account. | |
| b. | increase one asset account and decrease another asset account. | |
| c. | increase one liability account and increase an asset account. | |
| d. | increase one liability account and decrease an equity account. |
