Indicate whether each phrase is more descriptive of financial accounting or managerial accounting.

(a) May be subjective

Financial accounting

Managerial accounting

(b) Often used to obtain financing

Financial accounting

Managerial accounting

(c) Typically prepared quarterly or annually

Financial accounting

Managerial accounting

(d) May measure time or customer satisfaction

Financial accounting

Managerial accounting

(e) Future oriented

Financial accounting

Managerial accounting

(f) Has a greater emphasis on cost-benefit analysis

Financial accounting

Managerial accounting

(g) Keeps records of assets and liabilities

Financial accounting

Managerial accounting

(h) Highly aggregated statements

Financial accounting

Managerial accounting

(i) Must conform to external standards

Financial accounting

Managerial accounting

(j) Special-purpose reports

Financial accounting

Managerial accounting

(k) Decision-making tool

Financial accounting

Managerial accounting

(l) Income statement, balance sheet, and statement of cash flows

Financial accounting

Managerial accounting

QUESTION 3 2 poi Which of the following best describes the difference between debt and equity financing? a. Equity financing can ultimately affect corporate ownership while debt financing must be repaid Ob. Debt financing does not require collateral while equity financing does OC Equity financing includes bonds while debt financing includes loans d. Interest on debt financing is not tax deductible while dividends are tax deductibleAnswer: Reducing the number of December advertising spots and increasing the number to be run in January. Acceptable As the Decisions taken by company, it is a business related decision. Giving salespeople a double bonus to exceed December targets. Acceptable Since this offer is for motivating the employees and also to push the business and it is 3?. ethical way of improving business. 3. Extending the close of the fiscal year beyond December 31 so that some sales from next year are counted in the current fiscal year. Un accepted As it is against the rules of the maintaining accounts 4. Persuading customers to accept merchandise for shipment in December that they would normally not order until the following year. Acceptable As there is no bribes are offered to persuade the customer and sales are occurred in December month 5. Altering dates on shipping documents so that sales made in January of the next year appear to have occurred in December of the current year. Unaccepted As it is up ethical and against GAAP E. Deferring advertising costs by asking the outside advertising agency to delay sending out bills for December advertisements until January or by having the agency indicate that advertisements run in December were run in January. Unacceptable As the expenses spent on December and recording forJanuary F. Defer performing routine monthly maintenance on equipment by an outside vendor until January. Accepted; g the expenses not actually spent not on December. What should you do if the president suggests that these actions are taken in every division of 321 and that the consumer division will be greatly harmed if it does not present \"better" results than 3% growth? 12 Using the Accounting Codes, lunches for field trips funded by the district nutrition program would be recorded as * (1 Point) 01-6010-1000-4300 12-0000-5000-8182 13-5310-3700-4700 14-6285-3110-2200 13 Using the Accounting Codes, bulk food paid for by state Child Nutrition Program funds would be recorded as * (1 Point) 12-0000-3700-4700 12-5310-5000-8590 13-5310-3700-4700 13-3010-5000-4300