Question

The major reporting standard for presenting managerial accounting information is a. generally accepted accounting principles. b. the current tax law. c. relevance. d. the cost principle.

Answer 1

Answer:

The correct answer is letter "C": relevance.

Explanation:

In Managerial Accounting, relevance is related to the fact of reporting only the necessary information that will allow executives to make clear decisions. The term is typically related to costs, thus those decisions are made to avoid the company incurs in needless costs.