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Which of the following is a characteristic of managerial accounting. A. Reports are usually historical in nature. B. Information is usually prepared for use by

Which of the following is a characteristic of managerial accounting.

A. Reports are usually historical in nature. B. Information is usually prepared for use by external parties. C. Reports are often for segments or divisions of the company. D. Firms must comply with managerial accounting reporting standards per the MASB.

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