A cost is a resource sacrificed or forgone to achieve a specific objective. TRUE OR FALSE...

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?

It is prepared based on cost-benefit analysis

It is primarily used by managers to make internal business decisions.

It focuses on the past-oriented financial performance of a company.

It only measures the cash transactions of a company

Solutions

Expert Solution

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.

ekkarill92 answered 1 year ago

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