chapter 15 quiz

chapter 15 quiz - 1 Question: Which of the following...

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Question: Which of the following statements is incorrect? Management uses accounting information to determine the cost of products and services Management uses accounting information to plan and control business operations Management uses accounting information to report the company's financial position and results of operations to external parties Financial accounting is more relevant to use for internal decision making purposes than is management accounting Question 2 - Multiple ChoiceID: 5630393 - Correct Question: The following information pertains to Bright Toy Company's operating activities for 2009. The company sells light box toys, and sold 10,000 units in 2009. Purchases $ 126,000 Selling and Administrative Expenses 90,000 Merchandise inventory, 1/1/2009 14,000 Merchandise inventory, 12/31/2009 10,000 Sales Revenue 250,000 What is the gross profit for 2009? $120,000 $130,000 $140,000 $136,000 Question 3 - Multiple ChoiceID: 5630376 - Correct Question: Which of the following statements is incorrect? The primary users of management accounting are the company’s managers
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chapter 15 quiz - 1 Question: Which of the following...

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