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How does management accounting differ from financial accounting? O A. Management accounting measures and reports financial and nonfinancial information that helps managers make decisions to
How does management accounting differ from financial accounting? O A. Management accounting measures and reports financial and nonfinancial information that helps managers make decisions to fulfill the goals of an organization. Financial accounting measures, analyzes, and reports financial and nonfinancial information relating to the costs of acquiring or using resources in an organization. O B. Management accounting measures, analyzes, and reports financial and nonfinancial information relating to the costs of acquiring or using resources in an organization. Financial accounting measures and reports financial and nonfinancial information that helps managers make decisions to fulfill the goals of an organization. OC. Management accounting measures, analyzes, and reports financial and nonfinancial information relating to the costs of acquiring or using resources in an organization. Financial accounting measures and records business transactions and provides financial statements to external parties that are based on generally accepted accounting principles (GAAP). OD. Management accounting measures, analyzes and reports financial and nonfinancial information that helps managers make decisions to fulfill the goals of an organization. Financial accounting measures and records business transactions and provides financial statements to external parties that are based on generally accepted accounting principles (GAAP). Do service-sector companies have inventoriable costs? Explain. A. No. Service-sector companies have no inventoriable costs because they do not have inventory. O B. No. Service-sector companies have no inventoriable costs because their inventory is always sold by the end of the current period. OC. Yes. Service-sector companies have inventoriable costs because their inventory is never fully sold by the end of the current period. OD. Yes. Service-sector companies have inventoriable costs because all companies hold a certain level of inventory
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