Multiple Choice
Which of the following statements is INCORRECT?
A) Managerial accounting is used to report the company's financial position and results of operations to creditors and investors.
B) Managerial accounting is used to plan and control business operations.
C) Managerial accounting is used to prepare budgets.
D) Managerial accounting is used to determine the cost of products and services.
Correct Answer:
Verified
Correct Answer:
Verified
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