Which of the following statements is not true?
A)Managerial accounting reports use historical information.
B)Managerial accounting must not use estimates in preparing reports.
C)Managerial accountants use historical amounts in developing future projections.
D)All of these ans choices are true.

Question

Quizplus · Accepted Answer

Managerial accounting often uses estimates to make projections and plan for the future. Therefore, statement B is not true. The other statements are true: Managerial accounting reports use historical information, managerial accountants use historical amounts in developing future projections, and all of these answer choices are true.

Which of the Following Statements Is Not True