Which of the following user groups will use managerial accounting information for decision-making purposes?

a. Customers

b. Lenders

c. Employees

d. Stockholders

Which of the following statements is true of financial and managerial accounting?

a. Both use historical costs as their primary unit of measurement.

b. Both depend on the double-entry system of accounting.

c. Both require adherence to generally accepted accounting principles.

d. Both assist managers in decision making.