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Choose an answer A Financial and managerial accounting follows generally accepted accounting principles for reporting purposes. B Financial accounting deals with monetary and non-monetary transactions,
Choose an answer A Financial and managerial accounting follows generally accepted accounting principles for reporting purposes. B Financial accounting deals with monetary and non-monetary transactions, while managerial accounting deals with monetary transactions. C Financial accounting primarily focuses on the company as a whole whereas managerial accounting primarily focuses on individual divisions or individual segments. D The report generated in financial accounting primarily for internal users and managerial accounting is for external users
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