Financial and Managerial accounting are similar in that both A. primarily emphasize future operating results and goals. B. are regulated by outside regulatory agencies and commissions. C. are designed to meet the needs of managers. D. provide information primarily to external users. E. use information provided by the internal accounting system.

Michael works in an it firm that is well known for making innovative products. michael is asked to develop a product that would serve an unmet need. though he has many ideas for it, none of them quite fits the bill. he finally decides to stand back from the problem for a period of time and ceases to consciously think about the yet-to-be-developed product. after a week, as he looks over his notes, he realizes the solution. the period of time in which michael did not consciously work on the problem is referred to as