Intermediate accounting

2:35 docs.google.com Financial accounting may be used by the board of directors, stockholders, financial institutions and other investors. It is based on current and future trends True False Managerial accounting information generally pertains to an entity as a whole and it is directed toward product lines and sub-divisions True False Financial accounting reports refer to the basic financial statements. They are prepared as needed and they cannot be published until they had been audited by Certified Public Accountants True False Page 3 of 7