Which one of the following statements is true? Select one: O A. The user group of information from management accounting reports are the external users. O B. Financial accounting reports are usually produced annually but may be prepared half-yearly, quarterly or even monthly. O C. Financial accounting reports are not required by law. O D. Management accounting reports tend to be general-purpose.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter1: Accounting As A Tool For Managers
Section: Chapter Questions
Problem 2EA: Identify the following as True or False: Managerial accounting reports must comply with the rules...
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Which one of the following statements is true?
Select one:
O A. The user group of information from management accounting reports are the external users.
O B. Financial accounting reports are usually produced annually but may be prepared half-yearly, quarterly or even monthly.
O C. Financial accounting reports are not required by law.
O D. Management accounting reports tend to be general-purpose.
Transcribed Image Text:Which one of the following statements is true? Select one: O A. The user group of information from management accounting reports are the external users. O B. Financial accounting reports are usually produced annually but may be prepared half-yearly, quarterly or even monthly. O C. Financial accounting reports are not required by law. O D. Management accounting reports tend to be general-purpose.
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