Managers are responsible for reporting accounting information to external users in accor- dance with generally accepted accounting
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Managers are responsible for reporting accounting information to external users in accor- dance with generally accepted accounting principles. A company that owns an executive jet for example, must report the purchase cost of the airplane, accumulated depreciation to date as well as the method of depreciation used. A manager of the company would not be satisfied with only this information about the airplane. What other information does the manager need that is of little interest to external users of accounting reports?
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