Which of the following is the principle reason for preparing managerial accounting reports? a. cost of preparation b. GAAP c. clarity d. usefulness to management

b. GAAP

Explanation:

GAAP (generally accepted accounting principles) is a collection of commonly-followed accounting rules and standards for financial reporting. THE GAAP specifications include definitions of concepts and principles, as well as industry-specific rules. and the  four basic constraints associated with GAAP include objectivity, materiality, consistency and prudence

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