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- Which of the following is NOT a basic principle of accounting? a) Accrual basis (recognizing revenue when earned and expenses when incurred) b) Cash basis (recognizing revenue when received and expenses when paid) c) Double-entry bookkeeping (recording every transaction twice) d) Triple-entry bookkeeping (There's no such thing as triple-entry bookkeeping.Which of the following is one of the limitations of Management Accounting? Select one: O a. Simplified approach O b. Existence of wide knowledge O c. Free of cost system O d. Lack of objectivityThe income statement, the statement of owner's equity, the balance sheet, and the statement of cash flows IS THE PART OF O a. Financial ACCOUNTING O b. Commercial accounting O C. Management Accounting O d. None of these
- 17) Which of the following is the significance of Capital Budgeting? a. Irreversible b. All the options c. Long term effect d. GrowthHow to prepare a report to be presented to potential investors to raise $100 million for the start-up. Write a proposal about the operational aspect of the start-up.The overall cost of capital for a retail store: A reflects the return investors require on the total assets of the firm. B remains constant even when the debt-equity ratio changes. C is unaffected by changes in corporate tax rates. D is equivalent to the after-tax cost of the firm’s liabilities. Plz don't copy answer
- Which of the following differs cost accounting from financial accounting? to.Cost accounting addresses issues of product design, production, marketing strategies, while financial accounting focuses on assigning prices to products. b.Cost accounting measures only financial information related to the costs of acquiring fixed assets, while financial accounting measures financial and non-financial information as they arise from transactions. c.Cost accounting measures information related to the costs of acquiring or using resources in an organization, while financial accounting measures the financial position of a company for investors, banks, and third parties (external parties) d.Users of cost accounting are investors while users of financial accounting are administrators. . . . . Plz explain in detailPLEASE ANSWER ALL 1. Reactions to information provided by management control system are:a. Formulated in the organization’s strategic plan.b. Judgmental, and are based on interpretations and circumstances.c. Assessed by the communication network of the MCS.d. Determined as those activities that will be most efficient and effective given the organization’s available technology. 2. A management accounting system should provide information to:a. All functional areas of the organization.b. Only accounting area of the organization.c. Only the production area of the organization.d. Organizational managers, but not to staff personnel. 3. Which of the following is not primary goal of a cost management system?a. Use cost drivers to develop product costs.b. Improve understanding of the activities.c. Develop organizational strategies.d. Measure performance.13. Which of the following is to be considered as a short-term source of finance for a company? a. Bank credit only b. Customer advances only c. All of the options d. Public deposits only