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1. What are the major differences between management accounting and financial accounting? 2. Explain the accounting differences among manufacturers, merchandisers, and service businesses. What inventory
1. What are the major differences between management accounting and financial accounting?
2. Explain the accounting differences among manufacturers, merchandisers, and service businesses. What inventory accounts are used with each type of business?
3. Give examples of direct materials and indirect materials for a textbook manufacturer.
4. Identify at least six examples of manufacturing overhead costs for a textbook manufacturer.
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