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2 Which of the following statements is false? a There is no overlap between financial and managerial accounting. b Managerial accounting sometimes relies on past

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2 Which of the following statements is false? a There is no overlap between financial and managerial accounting. b Managerial accounting sometimes relies on past information. c Managerial accounting does not need to conform to GAAP. d Financial accounting must conform to GAAP See pages 1 and 2 of Chapter 18 Lecture Outline

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