In: Accounting
A cost is a resource sacrificed or forgone to achieve a specific objective. TRUE OR FALSE
Managers use assigned cost information to make decisions and implement them.TRUE OR FALSE
The primary user of management accounting information is a(n) ____
Which of the following is true of financial accounting information?
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1.TRUE , It is a resource sacrifice or foregone to achieve a specific objective.
2. TRUE, managers generally used this informations to make and implement decisions.
3.(C) It focuses on the past - oriented financial performance of a company.