Consider the following statement about the performance reports: 1. Performance reports provide feedbacks to managers and allow them to btter control operations. 2. Many performance reports have budget, actual and variance data 3. Performance reports are often structured around a firms organization hierarchy, that is data relating to lower level units are combined and flow into higher level units Which of the above is (are) true? a. 2 and 3 b. 1 and 2 c. 1 and 3 d. All of the statements are true

Consider the following statement about the performance reports: 1. Performance reports provide feedbacks to managers and allow them to btter control operations. 2. Many performance reports have budget, actual and variance data 3. Performance reports are often structured around a firms organization hierarchy, that is data relating to lower level units are combined and flow into higher level units Which of the above is (are) true? a. 2 and 3 b. 1 and 2 c. 1 and 3 d. All of the statements are true

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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