Managerial accounting serves external users while financial accounting serves internal users.
Correct Answer:
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Q13: Accountants analyze and record
A)economic events.
B)costs.
C)revenues.
D)financial statements.
E)creditor statements.
Q14: The accounting equation can be stated as
Q15: Management accounting serves internal decision makers,such as
Q16: A liability that results from a purchase
Q17: The accountant at Forgum Corporation is asked
Q19: Accounting does not provide information that is
Q20: Which of the following would be classified
Q21: Owners' equity is the residual interest in
Q22: Income taxes owed to the federal government
Q23: Statement of financial position is another name
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