The field of accounting that focuses on providing information for internal decision makers is ________

Tax-exempt income has a greater financial benefit than tax-deferred income.

a. true b. false

For public U.S. nonfinancial firms over the years 1980-2000, the composite market-to-book equity ratio generally:

a. increased from 1980-2000 b. decreased from 1980-2000 c. remained stable from 1980-2000