12:32 Although primary users of Financial Accounting information are the external users and for Managerial Accounting are the internal users; both branches of accounting need to be audited by CPAs. True False If a company receives $24,000 cash from a customer against a consulting service, it will debit Cash $24,000 and Credit Service Revenue by $24,000. True False If a company pays a dividend of $20,000 to its shareholders, it will debit Cash by $20,000 and credit Retained Earning by $20,000. True False