17. In Oil refining, we use Job Order Costing 1. Say you will receive a gift True False 18. The T account (Clearing) records the Applied Overhead and Actual Overhead. True False 18a. Which of the following statements is not true? a. Financial accounting and managerial accounting are independent of each other. b. Financial accounting, due to the requirements of regulation, is mandatory for businesses. c. Managerial accounting has a strong orientation towards the future. d. Financial accounting presents a historical perspective of business activities. PAYBACK+METHOD.xlsx E NET+PRESENT+V....xlsx A acer NET PRESENT+V....xlsx ch+9