Indicate Whether Each of the Following Statements About Accounting Information

Short Answer

Indicate whether each of the following statements about accounting information is true or false
_______ a) Financial accounting is primarily intended to satisfy the information needs of external resource providers.
_______ b) Financial accounting information is useful only to banks and stockholders.
_______ c) The accounting information intended to satisfy the needs of a company's employees is managerial accounting information.
_______ d) GAAP requires that companies adhere to managerial accounting standards.
_______ e) Managerial accounting information is usually more detailed than financial accounting information.