Accounting in Action 1-9 "57. Preparing tax returns and engaging in tax planning is performed by a. public accountants only. b. private accountants only c. both public and private accountants. d. IRS accountants only. "58. A private accountant can perform many activities in a business organization but would not work in a. budgeting b. accounting information systems. c. external auditing d. tax accounting 59. The origins of accounting are generally attributed to the work of a. Christopher Columbus. b. Abner Doubleday. C. Luca Pacioli. d. Leonardo da Vinci. 60. Financial accounting provides economic and financial information for all of the following except a. creditors. b. investors C. managers. d. other external users. 61. The final step in solving an ethical dilemma is to a. identify and analyze the principal elements in the situation b. recognize an ethical situation. c.identify the alternatives and weigh the impact of each alternative on stakeholders. d. recognize the ethical issues involved. 62. The first step in solving an ethical dilemma is to a identify and analyze the principal elements in the situation b. identify the alternatives. C. recognize an ethical situation and the ethical issues involved. d. weigh the impact of each alternative on various stakeholders. 63. Ethics are the standards of conduct by which one's actions are judged as a. right or wrong. b. honest or dishonest. c. fair or unfair d all of these. Generally accepted accounting principles are a. income tax regulations of the Internal Revenue Service b. standards that indicate how to report economic events c. theories that are based on physical laws of the universe d. principles that have been proven correct by academic researchers