All of the following entities would have a need for managerial accounting information except: the state of Michigan. an Internet provider a retail clothing outlet a bookkeeping service None of these responses is correct, as all of these entities would use managerial accounting information

All of the following entities would have a need for managerial accounting information except: the state of Michigan. an Internet provider a retail clothing outlet a bookkeeping service None of these responses is correct, as all of these entities would use managerial accounting information

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

All of the following entities would have a need for managerial accounting information except:

the state of Michigan.
an Internet provider
a retail clothing outlet
a bookkeeping service
None of these responses is correct, as all of these entities would use managerial accounting information.

Definition Definition Process by which financial information is analyzed, interpreted, and communicated to managers to support the achievement of an organization's goals. The main objective of managerial accounting is to maximize profits and minimize losses.

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