Consider the following two statements concerning the differences between financial and management accounting:

1.	Management accounting reports are often prepared for a specific purpose whereas financial accounting reports usually serve a general purpose.
2.	Management accounting reports place less emphasis on objective, verifiable evidence than financial accounting reports do.

Which one of the following combinations (true/false) relating to the above statements is correct?

Question content area bottom

Part 1

Statement 1

Statement 2

A.

True False

B.

False True

C.

True True

D.

False False