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Which of the following statements is not true? O a. Management accounting practices are laid down by Accounting Standards Board (ASB) O b. Management accounting provides quantitative as well as qualitative information O c. Management accounting is future oriented od Management accounting information is primarily prepared for internal use Examples of ambiguous words in reporting include: a. regularly O b. often c. adequately d. All the options listed Management accounting is: a. Communication oriented b. Finance oriented C. Future oriented d. Past oriented Clear my choice Target cost = Selling price - a. Expenses b. Profit margin O c. Cost O d. Revenue Clear my choice Preparing an asset for sale after its useful life is a: a. Production and Construction cost o b. Research and development cost O c. Maintenance support cost d. Disposal cost Clear my choice