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Joe Smith was just hired as an accounting intern at your company. Can you assist Joe and identify which of the following is not a

Joe Smith was just hired as an accounting intern at your company. Can you assist Joe and identify which of the following is not a characteristic of managerial accounting?
Multiple Choice
Reports are prepared as needed.
Information is used by external parties.
Information is subjective, relevant, future-oriented.
Information is reported at the decision making level.
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