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Which is not true about information generated by managerial

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Reference no: EM132588949

Question 1: Which of the following is not true about the information generated by managerial accounting?

1. Information is used by internal parties.

2. Information is subjective, relevant, and future-oriented.

3. Reports are prepared as needed.

4. Reports are prepared according to GAAP.

Reference no: EM132588949

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