Joe Felan is the production manager at Utex Corporation. He was recently quoted as saying, Since management

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Joe Felan is the production manager at Utex Corporation. He was recently quoted as saying, "Since management reports aren't subject to generally accepted accounting principles, and they aren't directly used by outside investors and creditors, it's really okay for managers to manipulate the reports as they see fit." Do you agree with Felan's statement? Defend your answer.
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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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