All of the following are characteristics of managerial accounting, except: A)Reports are used primarily by insiders rather than by persons outside...

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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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