Organize the list below into items that belong to managerial accounting, financial accounting and those that are shared by both types of accounting Managerial Only Shared Financial Only # Reports we tailored to specific needs # FollowGAAP standards in US. # Serves as a report card for owners and managers Shows financial performance to company's stakeholders # Available to organization outsiders # Help managers make better decisions Shows relevant and timely information 21 What type of financial statement would a business owner use to analyze last year's numbers with this year's? Balance Sheet Profit Margin Statement Financial Strength Statement Comparative Income Statement Complete the sentences with the correct responses After the World Com collapse, CEO Bernie Ebbers argued in court that The result was that he was convicted of securities fraud and conspiracy and sentenced to 25 years ct responses The result was that he mnie Ebbers argued in court tha he didn't know accounting the accounting firm was at fault the government was framing him nd conspiracy and sentenced t