ACC 406 Study Guide - Final Guide: Chief Financial Officer, Activity-Based Costing, Management Accounting
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21 Apr 2011
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Which ONE of the following statements is TRUE?
Accounting focuses on quantitative financial information. The balance sheet reports the excess of a companyâs revenues over its expenses. Accounting and bookkeeping are the same thing. Managerial accounting information is provided to external users to aid in decision making. |