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Which internal reports are prepared and distributed

Assignment Help Managerial Accounting
Reference no: EM132982806

Problem 1: Managerial accounting information

a. is prepared only once a year.

b. pertains to subunits of the entity and may be very detailed.

c. is constrained by the requirements of generally accepted accounting principles.

d. pertains to the entity as a whole and is highly aggregated.

Problem 2: Managerial accounting is applicable to

a.service entities.

b.manufacturing entities.

c.not-for-profit entities.

d.all of these.

Problem 3: Internal reports are prepared and distributed

a.monthly.

b.daily.

c.as needed.

d.annually.

Problem 4: Which one of the following is not a direct material?

a.Steel used in the manufacturing of steel-radial tires

b.A tire used for a lawn mower

c.Plastic used in the covered case for an iPhone

d.Lubricant for a ball-bearing joint for a large crane

Reference no: EM132982806

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