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Test Bank for Horngren's Financial & Managerial Accounting The Managerial Chapters, 7th edition by Tracie Miller-Nobles, Brenda Mattison Latest 2024 VERSION ISBN: 978-1292412320$16.49
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Test Bank for Horngren's Financial & Managerial Accounting The Managerial Chapters, 7th edition by Tracie Miller-Nobles, Brenda Mattison Latest 2024 VERSION ISBN: 978-1292412320
Test Bank for Horngren's Financial & Managerial Accounting The Managerial Chapters, 7th edition by Tracie Miller-Nobles, Brenda Mattison Latest 2024 VERSION ISBN: 9781292412306 Test Bank For HORNGREN’S FINANCIAL & MANAGERIAL ACCOUNTING THE MANAGERIAL CHAPTERS, 7TH EDITION BY TRACIE MILLER-NOBLES,...
7) Whichaofatheafollowingaisaaafocusaofamanagerialaaccounting?
A) toagenerateaaacompany'safinancialastatementsaforataxareporting
B) toaprovideainformationatoabusinessamanagersatoaassistathemainacontrollingatheirabusinesses
C) toaprovideainformationatoashareholdersatoaassistathemawithatheirainvestmentadecisions
D) toaensureathatatheareportsaproducedaforainternalaandaexternalabusinessapurposesaareaGAAPacomplianta
Answer:a B
Diff:a1
LO:a M:1-1
AACSB:a ApplicationaofaknowledgeaAI
CPAaFunctional:a Reporting
PEaQuestionaType:a Concept
H2:a WhyaIsaManagerialaAccountingaImportant?a(H1)
8) Whichaofatheafollowingastatementsaisatrueaofamanagerialaaccounting?
A) Theaexternalastakeholdersaofaaacompanyaareatheaprimaryausersaofamanagerialaaccounting.
B) Managerialaaccountingainformationaisausedatoahelpamanagersaplan,adirectaandacontrolatheiraoperations.
C) AnaexternalaauditabyaanaindependentaCPAaisarequiredaforamanagerialaaccountingainformation.
D) ManagerialaaccountingainformationamustacomplyawithaGenerallyaAcceptedaAccountingaPrinciples.aA
nswer:a B
Diff:a1
LO:a M:1-1
AACSB:a ApplicationaofaknowledgeaAI
CPAaFunctional:a Reporting
9) Managerialaaccountingainformationaforaaacompanyaisaprimarilyausedaby .
A) itsacustomersatoaunderstandatheapricingaofatheaproduct
B) itsacreditorsatoaunderstandatheacredibilityaofatheabusiness
C) itsaemployeesatoaplan,adirectaandacontrolaoperations
D) itsainvestorsatoamakeatheirainvestmentadecisions
aAnswer:a C
10) Whichaofatheafollowingastatementsaisatrueaofafinancialaaccounting?
A) Itaprovidesainformationatoainvestorsaneededaforatheirainvestmentadecisions.
B) Itaprovidesafutureafocusedainformationaneededaforamanagingaandadelegatingaoperations.
C) Itafocusesaonadetailedareportsaforapartsaofatheacompanyaratherathanatheawholeacompany.
D) Itafocusesaonaplanning,adirectingaandacontrollingaday-to-
dayaoperations.aAnswer:a A
Diff:a1
LO:a M:1-1
AACSB:a ApplicationaofaknowledgeaAI
CPAaFunctional:a Reporting
PEaQuestionaType:a Concept
H2:a WhyaIsaManagerialaAccountingaImportant?a(H1)
11) Whichaofatheafollowingaisatheaprimaryafocusaofamanagerialaaccounting?
A) providingainformationathatamanagersaneedatoamakeaoperationaladecisions
B) providingahistoricaladataatoainvestorsaandacreditors
C) providingasummarizedaresultsaofaoperations
D) providingainformationatoacomplyawithalawsaandaregulationsaofagovernmentabodiesa
Answer:a A
Diff:a1
LO:a M:1-1
AACSB:a ApplicationaofaknowledgeaAI
CPAaFunctional:a Reporting
PEaQuestionaType:a Concept
H2:a WhyaIsaManagerialaAccountingaImportant?a(H1)
12) Whichaofatheafollowingaisatheaprimaryafocusaofafinancialaaccounting?
A) providingainformationathatamanagersaneedatoamakeaoperationaladecisions
B) providingasummarizedainformationaonaoperationalaresultsatoainvestorsaandacreditors
C) providingainformationatoamanagersatoaassistainaplanning,adirectingaandacontrollingaoperations
D) providingahighlyadetailedainformationaonaproductalines,aregions,aandadivisionsa
Answer:a B
Diff:a1
LO:a M:1-1
AACSB:a Applicationaofaknowledge
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