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Which of the following statements is true about managerial accounting?
A, It pertains to a business as a whole.
B, It provides more detailed information than financial accounting does.
C, It must be prepared using generally accepting accounting principles.
D, It is primarily for internal users such as stockholders and managers.
Option D: Managerial accounting serves primarily to INTERNAL users such as stockholders and managers.
Managerial accounting assists in the decision-making process. This includes processes such as budgeting, etc. For such accounting, GAAP is not required.
Option 4: Managerial accounting serves primarily to INTERNAL users such as stockholders and managers.
Managerial accounting assists in the decision-making process. This includes processes such as budgeting, etc. For such accounting, GAAP is not required.