This is a False Statement.
Generally Accepted Accounting Principles (GAAP) need not be followed by managerial accountants when preparing management reports.
Specifically, management accounting aims to
- provide Information for internal Organisation managers
- providing details to governmental regulating bodies
- Information for shareholders, the accounts payable department, and other parties outside the company
- information to shareholders, accounts payables, and other parties outside the company, as well as information to management inside the firm.
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Answer:
$76,100 net operating loss
Explanation:
The computation of the overall company net operating income (loss) is shown below:
= East sales - east Variable costs - east Traceable fixed costs - east Allocated common corporate costs - west Allocated common corporate costs
= $550,000 - $198,000 - $169,500 - $117,500 - $141,100
= -$76,100 loss
Since the west division is eliminated so all the items would be ignored except Allocated common corporate costs
Answer:
a. False
Explanation:
A "primary transaction" refers to the selling of <em>new stocks and bonds</em> for the first time towards the public. A great example of this is the "Initial Public Offering" <em>(IPO)</em> which allows "public share issuance."
On the other hand, a "secondary transaction" refers to the<em> trading of investors among themselves.</em> There is no involvement of the issuing companies here. So, this means that if an investor uses the services of a broker to buy and sell stocks that are currently being traded in the stock market,<u> the transaction</u><u> doesn't directly involve the issuing compan</u><u>y.</u> This kind of transaction is then called "secondary."
So, this explains the answer.
