4. To fund its expansion in the upcoming year, Deacon Corporation negotiates a $4,000,000 loan with a local bank. The bank requires financial statements to ensure the company's ability to pay interest and repay the principal. Would Deacon Corporation use managerial or financial accounting to create the reports for the bank? 5. During an audit, an agent looks to the company's financial statements to verify that the same accounting practices were used in the tax return for a certain expense. Would the! financial statements used by the agent be prepared using managerial or financial accounting? 6. To prepare for an upcoming meeting with the production staff, a manager pulls a report that gives a comparison of the last period's budgeted expenses to the last period's actual expenses. Which type of accounting is the manager using