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Which of the following is not true about the information generated by managerial accounting? 1.Information is used by internal parties. 2.Information is subjective, relevant, and

Which of the following isnot trueabout the information generated by managerial accounting?

1.Information is used by internal parties.

2.Information is subjective, relevant, and future-oriented.

3.Reports are prepared as needed.

4.Reports are prepared according to GAAP.

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