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Filling in a study guide as a template for my test next week PROBLEM 2: Richard Larkin has prepared the following list of statements about

Filling in a study guide as a template for my test next week

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PROBLEM 2: Richard Larkin has prepared the following list of statements about managerial accounting and financial accounting. -1 . Financial accounting focuses on providing information to internal users. --2. Analyzing cost-volume-profit relationships is part of managerial accounting. -3. Preparation of budgets is part of financial accounting. -4. Managerial accounting applies only to merchandising and manufacturing companies. -5. Both managerial accounting and financial accounting deal with many of the same economic events. 6. Managerial accounting reports are prepared only quarterly and annually. -7. Financial accounting reports are general-purpose reports. "8. Managerial accounting reports pertain to subunits of the business. -9. Managerial accounting reports must comply with generally accepted accounting principles. --10. Although managerial accountants are expected to behave ethically, there is no code of ethical standards for managerial accountants. Instructions identify each statement as true or false

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