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Bond [772]
4 years ago
13

Managerial accounting reporting by a public firm is required to follow the rules of GAAP.

Business
1 answer:
VladimirAG [237]4 years ago
4 0

Answer:

b. False

Explanation:

Only external reports which are used by various stakeholders (Investors, customers, tax authorities, banks, suppliers etc.) are required to follow <em>reporting framework</em> laid out in GAAP.

However, for Managerial reporting , <em>no strict requirements</em> are set for the preparation of reports as the management use various reporting styles to <u>manage business performance</u>. An example is the use of <em>Variable Costing Income Statements </em>that show the relationship between outputs and costs resulting from different activity levels.

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During sales at her accessories store, Manila likes to display large signs in the store window to attract customers. She also pu
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Answer:

$63,000

Explanation:

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therefore,

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One month has already expired, therefore the remaining useful life out of 6 years will be 5.

New Depreciable Amount = Cost - Accumulated depreciation to date

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6 0
3 years ago
The management of Leyton Electronics Inc. always favors market orientation over the other marketing management philosophies. In
vredina [299]

Answer:

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John has been working as a tutor for $300 a semester. When the university raises the price it pays tutors to $400, Jasmine enter
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Answer:

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                            = $100

4 0
3 years ago
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