Which statement is incorrect? a. Both financial accounting and managerial accounting adhere to objectivity and cost concepts. b. Cost accounting is a tool of both financial accounting and managerial accounting. c. Although financial and managerial accounting differs in many ways, they are similar in that both rely on the same underlying financial data. d. Managerial accounting places greater emphasis on the future than financial accounting, which is primarily concerned with the past e. None of the above

Samir graduated from NAIT's School of Business with a bachelor's degree and is now employed by an accounting firm as a candidate towards becoming a CPA. He now regularly works more than 40 hours per week. According to Alberta's Employment Standards rules, is Samir entitled to overtime? The correct answer is that: Select one: a. Yes. Every employee in Alberta is entitled to be paid overtime for work hours in excess of 40 hours in the work week. b. Yes. Every employee in Alberta is entitled to be paid overtime for work hours in excess of 8 on each work day in the work week, or an employee's hours of work in excess of 40 hours in the work week, whichever is greater. Oc. If Samir's employment contract stipulates that he has waived overtime, then he is not entitled to overtime. Otherwise, the Employment Standards Act stipulates that he is to be paid time and a half for each hour worked over 40 hours in the work week. d. No, not as a candidate. Under Section 2(2) of the Employment Standards…