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All of the following are characteristics of managerial
accounting, except:
[removed]
A)
Reports are used primarily by insiders rather than by persons
outside of the business entity.
[removed]
B)
Its purpose is to assist managers in planning and controlling
business operations.
[removed]
C)
Information must be developed in conformity with generally
accepted accounting principles or with income tax regulations.
[removed]
D)
Information may be tailored to assist in specific managerial
decisions.

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