Indicate whether each of the following statements about accounting information is true or false.

Required:

a$.$ Financial accounting is primarily intended to satisfy the information needs of internal stakeholders.

b$.$ Managerial accounting information includes financial and nonfinancial information.

$($Click to select$)$

c$.$ The accounting information intended to satisfy the needs of a company's employees is managerial accounting

information.

$($Click to select$)$

d$.$ GAAP requires that companies adhere to financial accounting standards.

$($Click to select$)$

e$.$ Managerial accounting information is usually less detailed than financial accounting information.