Chapter 10, Problem 1ATC

a.

To determine

Explain whether the given information in the table describes about the managerial accounting or financial accounting.

b.

To determine

Give some examples of financial and managerial accounting that applies to Company GP.

c

To determine

Explain whether the Company GP is better or worse for the year 2014 compared to year 2013, if it is financial in nature.

d.

To determine

Explain whether the Company GP is better or worse for the year 2014 compared to year 2013 if it is managerial in nature.

e.

To determine

Explain whether the Company GP is more efficient or less efficient in the year 2014 than in the year 2013.