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nignag [31]
3 years ago
14

Managerial accounting differs from financial accounting in that managerial accounting A. is required by Generally Accepted Accou

nting Principles​ (GAAP). B. emphasizes data relevance over data objectivity. C. tends to report on the company as a whole rather than segments of the company. D. is used primarily by external decision makers.
Business
1 answer:
snow_tiger [21]3 years ago
4 0

Answer:

The correct option is (b)

Explanation:

Managerial accounting is for internal purpose for the managers for decision making. It is not mandatory as per GAAP, unlike financial accounting. Transactions are recorded as per the understanding of managers and not as per specific standards,

Managerial accounting focuses on data being relevant and not necessarily objective. Since, it caters to internal users, it is customized as per their requirement. Financial accounting, on the other hand needs to be highly objective as it caters to a wider audience who need transparent and reliable financial information.

Therefore, managerial accounting focuses on data relevance over data objectivity.

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Suppose Stuart Company has the following results related to cash flows for 2021: Net Income of $5,600,000 Increase in Accounts P
seropon [69]

1. The statement of cash flows of Stuart Company for the year ended December 31, 2021, is as follows:

Stuart Company

<h3>Statement of Cash Flows</h3>

For the year ended December 31, 2021,        $'000

Net Income                                                     $5,600

Depreciation                                                      1,900

Other Adjustments                                            (800)

Increase in Accounts Payable                           600

Decrease in Accounts Receivable                    900

Increase in Inventory                                        (200)

Net Cash Flow from Operating Activities $8,000

2. The Net Cash Flow from Operating Activities for Stuart Company for 2021 is <u>$8 million</u>.

<h3>What are operating activities' cash flows?</h3>

The cash flows from the operating activities section affect revenues and expenses.

They indicate the cash flows that originate from the regular business activities of the entity.

To prepare the statement of cash flows, the first items to adjust the net income are the non-cash expenses and losses and revenues and gains.

Learn more about the operating activities section at brainly.com/question/25530656

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8 0
2 years ago
Jamal is using a security classification guide (SCG) to assist in marking information from a source document. Which best describ
Viktor [21]

If Jamal is using a security classification guide (SCG) to assist in marking information from a source document. What describes Jamal's work is: Derivative Classification.

<h3>What is Derivative Classification?</h3>

Derivative Classification can be defined as the process of classifying security information or data so as to enable easy marking of information from the source document or source information.

Based on the information given jamal is making use of Derivative Classification as this will enable him to know whether the information in the document has been classified.

Therefore what describes Jamal's work is: Derivative Classification.

Learn more about Derivative Classification here: brainly.com/question/14294203

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3 0
2 years ago
Art invested $100 two years ago at 8 percent interest. The first year, he earned $8 interest on his $100 investment. He reinvest
nikitadnepr [17]

Answer:

Option 4- Interest on Interest

Explanation:

Look we earned $8 in the first year which we invested in the same business. Okay now we again earned 8% on this $100 and $8 invested in the second year. The 8% on the $8 is $0.64 which is the interest earned on the interest invested in the previous year.

4 0
3 years ago
The following information is available for Barnes Company for the fiscal year ended December 31: Beginning finished goods invent
weqwewe [10]

Answer:  $57,000

Explanation:

Given that,

Beginning finished goods inventory in units = 0

Units produced = 7,000

Units sold = 5,100

Sales = $663,000

Materials cost = $140,000

Variable conversion cost used = $70,000

Fixed manufacturing cost = $490,000

Indirect operating costs (fixed) = $102,000

Total Variable cost of units produced = Materials cost + Variable conversion cost used

                                                               = $140,000 + $70,000

                                                               = $210,000

Variable\ cost\ per\ unit = \frac{Total\ variable\ cost}{units\ produced}

                                               =\frac{210,000}{7,000}

                                               = $30

Units in ending inventory = Units produced - Units sold

                                          = 7,000 - 5,100

                                          = 1,900

Value of Variable costing ending inventory = Units in ending inventory × Variable cost per unit

                                                                        = 1,900 × $30

                                                                        = $57,000

5 0
3 years ago
Trump Company issued $200,000 of bonds payable at face value on March 1, 2016. The bonds were authorized on January 1, 2016, wit
svetlana [45]

Answer:

I beeleev yowr ansr iz tin

Explanation:

i have a bog grain

7 0
2 years ago
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