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Managerial Accounting 12th edition Perfect Paperback – January 1, 2008
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Managerial Accounting 12th edition Perfect Paperback – January 1, 2008 
True/False Questions 
 
1.	Although financial and managerial accounting differ in many ways, they are similar in that both rely on the same underlying financial data. 
 
Answer: True Level: Medium LO: 1 
 
2.	Managerial accounting is a branch of financial accounting and serves essentially the same purposes as financial accounting. 
 
Answer: False Level: Medium LO: 1 
 
3.	Managerial accounting places greater emphasis on t...
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