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Test Bank for Horngren's Financial & Managerial Accounting, The Financial Chapters, 7th Edition by Tracie Miller-Nobles, Brenda Mattison Chapter 1-15 complete ISBN: 9781292412320$19.99
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Test Bank for Horngren's Financial & Managerial Accounting, The Financial Chapters, 7th Edition by Tracie Miller-Nobles, Brenda Mattison Chapter 1-15 complete ISBN: 9781292412320
Test Bank for Horngren's Financial & Managerial Accounting, The Financial Chapters, 7th Edition by Tracie Miller-Nobles, Brenda Mattison Chapter 1-15 complete ISBN: 9781292412320
Test Bank for Horngren's Financial & Managerial Accounting, The Financial Chapters, 7th Edition by Tracie Miller-Nobles...
7) Whicheofetheefollowingeiseaefocuseofemanagerialeaccounting?
A) toegenerateeaecompany'sefinancialestatementseforetaxereporting
B) toeprovideeinformationetoebusinessemanagersetoeassistethemeinecontrollingetheirebusinesses
C) toeprovideeinformationetoeshareholdersetoeassistethemewithetheireinvestmentedecisions
D) toeensureethatetheereportseproducedeforeinternaleandeexternalebusinessepurposeseareeGAAPecomplianteA
nswer:e B
Diff:e1
LO:e M:1-1
AACSB:e ApplicationeofeknowledgeeAI
CPAeFunctional:e Reporting
PEeQuestioneType:e Concept
H2:e WhyeIseManagerialeAccountingeImportant?e(H1)
8) Whicheofetheefollowingestatementseisetrueeofemanagerialeaccounting?
A) Theeexternalestakeholderseofeaecompanyeareetheeprimaryeuserseofemanagerialeaccounting.
B) Managerialeaccountingeinformationeiseusedetoehelpemanagerseplan,edirecteandecontroletheireoperations.
C) AneexternaleauditebyeaneindependenteCPAeiserequiredeforemanagerialeaccountingeinformation.
D) ManagerialeaccountingeinformationemustecomplyewitheGenerallyeAcceptedeAccountingePrinciples.eA
nswer:e B
Diff:e1
LO:e M:1-1
AACSB:e ApplicationeofeknowledgeeAI
CPAeFunctional:e Reporting
9) Managerialeaccountingeinformationeforeaecompanyeiseprimarilyeusedeby .
A) itsecustomersetoeunderstandetheepricingeofetheeproduct
B) itsecreditorsetoeunderstandetheecredibilityeofetheebusiness
C) itseemployeesetoeplan,edirecteandecontroleoperations
D) itseinvestorsetoemakeetheireinvestmentedecisionse
Answer:e C
Diff:e1
LO:e M:1-1
AACSB:e ApplicationeofeknowledgeeAI
CPAeFunctional:e Reporting
PEeQuestioneType:e Concept
H2:e WhyeIseManagerialeAccountingeImportant?e(H1)
10) Whicheofetheefollowingestatementseisetrueeofefinancialeaccounting?
A) Iteprovideseinformationetoeinvestorseneededeforetheireinvestmentedecisions.
B) Iteprovidesefutureefocusedeinformationeneededeforemanagingeandedelegatingeoperations.
C) Itefocuseseonedetailedereportseforepartseofetheecompanyeratherethanetheewholeecompany.
D) Itefocuseseoneplanning,edirectingeandecontrollingeday-to-
dayeoperations.eAnswer:e A
Diff:e1
LO:e M:1-1
AACSB:e ApplicationeofeknowledgeeAI
CPAeFunctional:e Reporting
PEeQuestioneType:e Concept
H2:e WhyeIseManagerialeAccountingeImportant?e(H1)
11) Whicheofetheefollowingeisetheeprimaryefocuseofemanagerialeaccounting?
A) providingeinformationethatemanagerseneedetoemakeeoperationaledecisions
B) providingehistoricaledataetoeinvestorseandecreditors
C) providingesummarizederesultseofeoperations
D) providingeinformationetoecomplyewithelawseanderegulationseofegovernmentebodieseA
nswer:e A
Diff:e1
LO:e M:1-1
AACSB:e ApplicationeofeknowledgeeAI
CPAeFunctional:e Reporting
PEeQuestioneType:e Concept
H2:e WhyeIseManagerialeAccountingeImportant?e(H1)
12) Whicheofetheefollowingeisetheeprimaryefocuseofefinancialeaccounting?
A) providingeinformationethatemanagerseneedetoemakeeoperationaledecisions
B) providingesummarizedeinformationeoneoperationaleresultsetoeinvestorseandecreditors
C) providingeinformationetoemanagersetoeassisteineplanning,edirectingeandecontrollingeoperations
D) providingehighlyedetailedeinformationeoneproductelines,eregions,eandedivisionseA
nswer:e B
Diff:e1
LO:e M:1-1
AACSB:e Applicationeofeknowledge
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