Which of the following statements is INCORRECT? · Managerial accounting is used to report the company’s financial position and results of operations to creditors and investors. · Managerial accounting is used to determine cost of product and services. · Managerial accounting is used to plan and control business operations. · Managerial accounting is used to prepare budgets.

Which of the following statements is INCORRECT?

·        Managerial accounting is used to report the company’s financial position and results of operations to creditors and investors.

·        Managerial accounting is used to determine cost of product and services.

·        Managerial accounting is used to plan and control business operations.

·        Managerial accounting is used to prepare budgets.

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