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Question One Allocated Mark (10) Answer each of the following questions 1- Managerial Accounting is considered more subjective than financial accounting, but Financial accounting is

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Question One Allocated Mark (10) Answer each of the following questions 1- Managerial Accounting is considered more subjective than financial accounting, but Financial accounting is considered more objective than the Managerial Accounting. Discuss with examples. [3 Marks] 2- Discuss the difference between step-costs and mixed costs with examples (3 Marks]

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