6 Which of the following is more true of MANAGERIAL accounting systems than it is of FINANCIAL accounting systems? Use only historical information. Primarily based on the statement of cash flows. Based on debits and credits. Rules established by the FASB. Have substantial competitive value.

6 Which of the following is more true of MANAGERIAL accounting systems than it is of FINANCIAL accounting systems? Use only historical information. Primarily based on the statement of cash flows. Based on debits and credits. Rules established by the FASB. Have substantial competitive value.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter2: Financial Reporting: Its Conceptual Framework

Section: Chapter Questions

Problem 2MC: Which of the following is considered a constraint on useful information by Statement of Financial...

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Question

Which of the following is more true of MANAGERIAL accounting systems than it is of FINANCIAL accounting systems?

Use only historical information.

Primarily based on the statement of cash flows.

Based on debits and credits.

Rules established by the FASB.

Have substantial competitive value.

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