In each of the following situations,identify whether the setting is primarily financial accounting or managerial accounting.
a.Falcon Company sent its annual report to its stockholders.
b.Genesis,Inc.'s controller sent a report of actual versus budgeted sales figures to the sales manager.
c.Hurtz Rent-All Company determines that its investments have declined in value and should be adjusted.
d.Inca,Inc.controller suspects that cash is being stolen by a sales clerk.As a result,she prepares an analysis to compare each sales clerk's collections for each day.
e.Jones Company executives are meeting to review the annual report to be submitted to the SEC.
Unit 1-1 -
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