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A. Reports are used primarily by insiders rather than by persons outside of the business entity. B) Its purpose is to assist managers in planning and controlling business operations. C) Information must be developed in conformity with generally accepted accounting principles or with income tax regulations. D) Information may be tailored to assist in specific managerial decisions. ts
D
C) Information must be developed in conformity with generally accepted accounting principles or with income tax regulations.
Management decisions are based upon the quality, time & cost aspects of any situation, and not the Accounting therof, which follows its own guide lines to determine the profitability of the said operation
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