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2. Which of the following is CORRECT about the difference between financial accounting and managerial accounting? A. The primary users of the financial statements are

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2. Which of the following is CORRECT about the difference between financial accounting and managerial accounting? A. The primary users of the financial statements are internal users such as managers. B. The primary accounting product of managerial accounting is financial statements. C. Managerial accountants have to follow the generally accepted accounting principles (GAAP) when preparing their reports. D. The managerial accounting reports are not audited by independent auditors

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