4) Which of the following is the primary focus of financial accounting? A) providing summarized information on operational results to investors and creditors B) providing highly detailed information on product lines, regions, and divisions C) providing information to managers to assist in planning, directing and controlling operations D) providing information that managers need to make operational decisions 1) Which of the following statements is true of managerial accounting? A) Managerial accounting information must comply with Generally Accepted Accounting Principles. B) The external stakeholders of a company are the primary users of managerial accounting. C) Managerial accounting information is used to help managers plan, direct and control their operations. D) An external audit by an independent CPA is required for managerial accounting information