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Direction: For each of the following, indicate whether the description more closely relates to managerial accounting (MA) or Financial Accounting (FA) (5*1 mark each=5 marks)

Direction: For each of the following, indicate whether the description more closely relates to managerial accounting (MA) or Financial Accounting (FA) (5*1 mark each=5 marks)

Focuses on external uses of information

Provided information to the government regulator

GAAP mandatory

Oriented toward future decision making

Typically focuses on segments of organization

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