Q1 Which statement best describes the difference between managerial and financial accounting a Publicly traded manufacturing companies have the option to follow generally accepted accounting principles for both financial and managerial accounting b Publicly traded manufacturing companies are required to follow generally accepted accounting principles for both financial and managerial accounting c Publicly traded manufacturing companies are required to follow generally accepted accounting principles for financial accounting but are not required to follow the same principles for managerial accounting d Publicly traded manufacturing companies are required to follow generally accepted accounting principles for managerial accounting purposes but are not required to follow the same principles for financial accounting

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Question: Q1 Which statement best describes the difference between managerial and financial accounting? a. Publicly traded manufacturing companies have the option to follow generally accepted accounting

Which statement best describes the difference between managerial and financial accounting?

Publicly traded manufacturing companies have the option to follow generally accepted accounting principles for both financial and managerial accounting

Publicly traded manufacturing companies are required to follow generally accepted accounting principles for both financial and managerial accounting

Publicly traded manufacturing companies are required to follow generally accepted accounting principles for financial accounting but are not required to follow the same principles for managerial accounting

Publicly traded manufacturing companies are required to follow generally accepted accounting principles for managerial accounting purposes but are not required to follow the same principles for financial accounting

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