Which of the following best represents a characteristic of managerial accounting? Multiple Choice Information is historically based and reported annually. Information is based on estimates and is bounded by relevance and timeliness. Information is regulated by the Securities and Exchange Commission. Information is characterized by reliability and objectivity.

The correct answer is letter "B": Information is based on estimates and is bounded by relevance and timeliness.

Explanation:

Managerial Accounting is an in-house accounting that lets managers assess their decision impact. One common managerial accounting method is to calculate the profit margin on the goods produced. This information helps managers to set product prices and ensure that they make appropriate profit margins.

The information managerial accounting uses are estimates of the operations of the firm and only important current data is considered. Though, previous periods information may be required for reference.

answer; bootstrapping is your answer;

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