Question: Explain the difference between public accounting and managerial accounting. Provide a hypothetical exampleof an income statement for public reporting. Provide a hypothetical example of managerial

  1. Explain the difference between public accounting and managerial accounting. Provide a hypothetical exampleof an income statement for public reporting. Provide a hypothetical example of managerial accounting income statement in process costing format. Explain your examples in detail.

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