QUESTION 8 A firm's current liabilities: O a. do not have to be repaid within a year. b. must equal its current assets. O c. are not represented on its balance sheet. O d. include wages payable. QUESTION 15 Which of the following is a difference between managerial accounting and financial accounting? O a Managerial accounting presents financial statements on a predetermined schedule, whereas financial accounting creates reports upon request by management than according to a predetermined schedule, Ob, Managerial accounting is intended to provide information primarily for internal stakeholders, whereas financial accounting is intended to provide information primarily to external stakeholders. Oc Managerial accounting prepares a standard set of financial statements, whereas financial accouting prepares customized reports to deal with specific problems or issues. Od Managerial accounting is intended to provide information primarily for external stakeholders, whereas financial accounting is intended to provide information primarily to internal stakeholders