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QUESTION 2 Which of the following statements is true?

QUESTION 2

Which of the following statements is true?


A.  External and internal users of accounting information have exactly the same information needs.Financial accounting is less flexible than managerial accounting.

B. Managerial accounting provides the best information to external users.

C. Managerial accounting emphasizes on the organization as a whole more than financial accounting.

D. Financial accounting is less flexible than managerial accounting.

Top Answer

True statement is D.  Financial... View the full answer

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D.  Financial accounting is less flexible than managerial accounting. The managerial accounting generates information that... View the full answer

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