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2) Financial accounting information and managerial accounting information have a number of distinguishing characteristics. For each of the characteristics listed below, indicate which characteristics are

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2) Financial accounting information and managerial accounting information have a number of distinguishing characteristics. For each of the characteristics listed below, indicate which characteristics are more closely related to financial accounting by placing the letter "F" in the space to the left of the item and indicate those characteristics which are more closely associated with managerial accounting by placing the letter "M" to the left of the item. 1. General-purpose reports 2. Reports are used internally 3. Prepared in accordance with generally accepted accounting principles 4. Special purpose reports 5. Limited to historical cost data 6. Reporting standard is relevance to the decision to be made 7. Financial statements 8. Reports generally pertain to the business as a whole 9. Reports generally pertain to subunits 10. Reports issued quarterly or annually MacBook Air 80 ODO 000 DI F3 F4 F5 F6 F7 FB

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