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Question

Both managerial accounting and financial accounting provide useful

information to decision makers. Indicate in the following table the primary source of information for each business decision.


Determine whether to lend to a company.
Evaluate a purchasing departments performance.
Report financial performance to board of directors.
Estimate product cost for new line of shoes.
Plan the budget for next quarter.
Measure profitability of an individual store.
Prepare financial reports according to GAAP.
Determine location and size for a new plant.


 

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