Which of the following statements about cost and management accounting are true?

1. Cost accounting cannot be used to provide inventory valuations for external financial reporting.
2. There is a legal requirement to prepare management accounts.
3. The format of management accounts vary from one business to another.
4. Management accounting provides information to help management make business decisions.

A. i and ii

B. i and iv

C. ii and iii

D. iii and iv