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    Managerial Accounting Study Set 13
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    Exam 2: Managerial Accounting and Cost Concepts
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    Which of the Following IS a Characteristic of Financial Accounting
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Which of the Following IS a Characteristic of Financial Accounting

Question 12

Question 12

Multiple Choice

Which of the following IS a characteristic of financial accounting?


A) not mandatory
B) must follow GAAP
C) emphasis on relevance of data, rather than precision
D) both A and C above

Correct Answer:

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