Question: Which statement is correct about managerial accounting? Managerial accounting has primarily an external orientation and is concerned mostly with the historical results of an entity's

Which statement is correct about managerial accounting?
Managerial accounting has primarily an external orientation and is concerned mostly with the historical results of an entity's performance.
The data used in or generated by the financial accounting is of no use in managerial accounting.
Managerial accounting is a subset of cost accounting.
Managerial accounting is concerned with the use of economic and financial information to plan and control the activities of an entity.
Which statement is correct about managerial accounting? Managerial accounting has primarily

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