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1. Discuss internal and external users of accounting information. What areas of accounting provide them with information? Give an example of the type of report

1. Discuss internal and external users of accounting information. What areas of accounting provide them with information? Give an example of the type of report each type of user might use.

2. Explain the meaning of the business entity concept.

3. What is the major difference between the objective of financial accounting and the objective of managerial accounting?

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