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Which of the following are characteristics of managerial accounting (rather than financial accounting)? Select all that apply. Highly summarized reporting only Reporting occuring as frequently

Which of the following are characteristics of managerial accounting (rather than financial accounting)? Select all that apply.

Highly summarized reporting only

Reporting occuring as frequently as needed

Independent audits of financial reports required for publicly-traded companies

Reporting is very timely, potentially real-time

Reporting is primarily for internal stakeholders

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