Which of the following differentiates cost accounting and financial accounting?
◦ The primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers.
◦ Cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.
◦ 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.
◦ 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.
Accounting
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Accounting Question
A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her