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Identify the following characteristics as primarily related to financial accounting or managerial accounting: Helps creditors make lending decisions. Helps in planning, directing, and controlling operations.

Identify the following characteristics as primarily related to financial accounting or managerial accounting:

Helps creditors make lending decisions.

Helps in planning, directing, and controlling operations.

Is not required to follow GAAP.

Has a focus on the future.

Summary reports prepared quarterly or annually.

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