$5.$ What is the accounting equation?

A$)$ Assets $=$ Liabilities $+$ Equity

B$)$ Assets $+$ Liabilities $=$ Equity

C$)$ Assets $=$ Revenue $-$ Expenses

D$)$ Liabilities $=$ Assets $+$ Equity

$6.$ Which of the following is NOT a characteristic of managerial accounting?

A$)$ Focus on future projections

B$)$ Use of historical data

C$)$ Internal report