The accounting information used by internal decision makers
A) is quantitative and is not reported on external financial statements.
B) is monetary and is reported on external financial statements.
C) may be monetary or nonmonetary and is reported on financial statements using generally accepted accounting principles.
D) may be monetary or nonmonetary, may be in a variety of formats, and may or may not be reported on financial statements.
E) may be in a variety of formats, is not reported on financial statements, and is presented in a standardized format.

Question

Quizplus · Accepted Answer

The accounting information used by internal decision makers, such as managers, can include both monetary and nonmonetary information. It may be presented in various formats depending on the needs of the decision makers and does not necessarily have to adhere to the formats or standards used for external financial reporting.

The Accounting Information Used by Internal Decision Makers