Accounting data used for managerial reports
A)must be the same data used for reporting to shareholders,but may be different for tax purposes.
B)must be the same data used for tax purposes,but may be different data for reporting to shareholders.
C)must be the same data used for both tax purposes and reporting to shareholders.
D)may be different from data used for both tax purposes and reporting to shareholders.

Question

Quizplus · Accepted Answer

Accounting data used for managerial reports may not necessarily be the same as the data used for tax purposes or reporting to shareholders. Managerial reports focus on providing information to internal managers for decision-making purposes, and may require different or more detailed information than what is necessary for tax or external reporting purposes.

Accounting Data Used for Managerial Reports