Question 40 Which of the following statements is/are true regarding financial and managerial accounting? 1. Both are mandatory 2. Both rely on the same underlying financial data. 3. Both emphasize the segments of an organization, rather than just looking at the organization as a whole. 4. Both are geared to the future, rather than to the past a Only II O b.Only II and O c. I, II, II and IV O d Only II,IlI and IV