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Managerial accounting typically is the responsibility of the controller. t/f? Retained earnings is the cumulative net income minus contributions from shareholders. t/f? Revenue is recognized

Managerial accounting typically is the responsibility of the controller. t/f?

Retained earnings is the cumulative net income minus contributions from shareholders. t/f?

Revenue is recognized based on the earnings process. t/f?

A financing activity always involves cash. t/f?

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