The kin network is still the most common family unit

Which of the following operating segment disclosures is not required under current U.S. accounting guidelines?

A) Liabilities B) interest expense C) Intersegment sales D) Unusual and extraordinary items

Which of the following statements about managerial accounting is incorrect?

a. Managerial accounting information is used primarily by managers within the organization. b. Managerial accounting information is prepared in accordance with rules established by outsiders (generally accepted accounting principles [GAAP]). c. Managerial accounting is primarily forward looking, as opposed to focusing on historical information. d. Managerial accounting information is used both at the organizational level and at the sub-unit (department) level. e. Budgets are an important managerial accounting tool