CPA EXAM REVIEW WITH COMPLETE
SOLUTIONS
Managerial nAccounting ndeals nwith n_____ naccounting, nwhile nFinancial nAccounting
ndeals nwith n_____. n- ncorrect nanswers n-Internal; nExternal
True nor nFalse: n
Managerial naccounting nmust nfollow nGAAP. n- ncorrect nanswers n-False; nInternal
naccounting nso nit ndoes nnot nhave nto nfollow nGAAP.
The nassumption nthat na ncompany nor nother nentity nwill nbe nable nto ncontinue
noperating nfor na ntime nthat nis nsufficient nto ncarry nout nits ncommitments nand
nobligations. n- ncorrect nanswers n-Going nConcern
SOLUTIONS
Managerial nAccounting ndeals nwith n_____ naccounting, nwhile nFinancial nAccounting
ndeals nwith n_____. n- ncorrect nanswers n-Internal; nExternal
True nor nFalse: n
Managerial naccounting nmust nfollow nGAAP. n- ncorrect nanswers n-False; nInternal
naccounting nso nit ndoes nnot nhave nto nfollow nGAAP.
The nassumption nthat na ncompany nor nother nentity nwill nbe nable nto ncontinue
noperating nfor na ntime nthat nis nsufficient nto ncarry nout nits ncommitments nand
nobligations. n- ncorrect nanswers n-Going nConcern