Identify whether each description most likely applies to managerial (M) or financial (F) accounting. 1. Its primary

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Identify whether each description most likely applies to managerial (M) or financial (F) accounting.

1. Its primary users are company managers.

2. Its information is often available only after an audit is complete.

3. Its primary focus is on the organization as a whole.

4. Its principles and practices are very flexible.

5. It focuses mainly on past results.

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