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Exam $1$

Exam $1$

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Karri Albertini

$02/09/254$:$40$ PM

This test: $100$ point$($s$)$

Question $5$ of $22$

possible

This question: $5$ point$($s$)$

possible

Which of the following differentiates cost accounting and financial accounting?

A$.$ The primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers.

B$.$ Cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions.

C$.$ Cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

D$.$ Cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties.