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Which of the following statements about cost and management accounting are true? ...

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Accounting

Which of the following statements about cost and management accounting are true?

  1. Cost accounting cannot be used to provide inventory valuations for external financial reporting.
  2. There is a legal requirement to prepare management accounts.
  3. The format of management accounts vary from one business to another.
  4. Management accounting provides information to help management make business decisions.

A. i and ii

B. i and iv

C. ii and iii

D. iii and iv

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