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Managerial Accounting -Questions & Accurate Answers

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Managerial Accounting -Questions & Accurate Answers

Institution
WGU Managerial Accounting
Course
WGU Managerial Accounting

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Managerial Accounting -Questions & Accurate Answers

Managerial accounting applies to all types of businesses, including service,
merchandising, and manufacturing, as well as to all forms of business
organizations.

True/False Right Ans - True

Financial and managerial accounting are similar in that both:

A. produce general-purpose reports
B. deal with the economic events of an enterprise
C. have reports that are prepared quarterly and annually
D. have the same primary users Right Ans - B. deal with the economic
events of an enterprise

Managerial accounting applies to each of the following types of businesses
except:

A. manufacturing firms
B. merchandising firms
C. managerial accounting applies to all types of firms
D. service firms Right Ans - C. managerial accounting applies to all types of
firms

Managerial accounting information is generally prepared for:

A. creditors
B. stockholders
C. managers
D. regulatory agencies Right Ans - C. managers

Managerial accounting does not encompass:

A. calculating product cost
B. calculating earnings per share
C. determining cost behavior
D. profit planning Right Ans - B. calculating earning per share

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Institution
WGU Managerial Accounting
Course
WGU Managerial Accounting

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Uploaded on
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Number of pages
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Written in
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Type
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Questions & answers

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