1. The area of accounting that provides external users with information is called a. managerial accounting. b. financial accounting. c. tax accounting. d. natural accounting. 2. Which of the following established standards for independence, corporate responsibility, and disclosure? a. Sarbanes-Oxley Act (SOX) b. Generally Accepted Accounting Principles (GAAP) c. Public Company Accounting Oversight Board (PCAOB) d. Certified Public Accountants (CPAs) 3. Which of the following is considered an operating activity? a. Marketing a product b. Purchasing manufacturing equipment c. Issuing stock d. Making a loan payment