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26. Financial Versus Managerial Accounting. Maria is the loan officer at a local bank that lends money to Old Town Market, a small grocery store.
26. Financial Versus Managerial Accounting. Maria is the loan officer at a local bank that lends
money to Old Town Market, a small grocery store. She requests several quarterly financial
reports on an ongoing basis to assess the store's ability to repay the loan. Provide one example
of a financial accounting report and two examples of managerial accounting reports that Maria
might request.
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