Cost Accounting reports are never modified financial statement reports.

Group of answer choices

Partially true

When governmental regulators are watching

False

Never true $2.$ The Income Statements accounts are never used in cost accounting reports

Group of answer choices

Often

False

True

None of the above $3.$ Cost accounting reports are governed by GAAP?

Group of answer choices

No

Yes

Only when it is managerial in nature

Sometimes