I need typed solution with explanation. Explain why reaming options are incorrect I will thumb up. What

I need typed solution with explanation. Explain why reaming options are incorrect I will thumb up.

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What is an important distinction between financial and managerial accounting? A B Managerial accounting is required by law while financial accounting is required by GAAP. Financial accounting focuses less on the whole organization and more on the parts of a company. Managerial accounting extends beyond the boundaries of the traditional accounting system. Managerial accounting relies on balance sheets, income statements and statements of changes in financial positions. What is an important distinction between financial and managerial accounting? A B Managerial accounting is required by law while financial accounting is required by GAAP. Financial accounting focuses less on the whole organization and more on the parts of a company. Managerial accounting extends beyond the boundaries of the traditional accounting system. Managerial accounting relies on balance sheets, income statements and statements of changes in financial positions.

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