CALCULATOR!! FULLSCREEN PRINTERVERSON Exercise 14-1 Justin Bleeber has prepared the following list of statements about managerial accounting, financial accounting, and the functions of management. Identify each statement as true or false. 1. Financial accounting focuses on providing information to internal users. 2. Staff positions are directily Involved in the company's primary revenue-generating activities. 3. Preparation of budgets is part of financial accounting. 4. Managerial accounting applies only to merchandising and manufacturing companies. Both managerial accounting and financial accounting deal with many of the same S. economic events 6. Managerial accounting reports are prepared only quarterly and annually 7. Financial accounting reports are general-purpose reports. 8. Managerial accounting reports pertain to subunits of the busines. 9. Managerial accounting reports must comply with generally accepted accounting prinoples 10 The company treasurer reports directly to the vice president of operations. By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor