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Consider the following statements: 1.Financial accounting information does not include expectations concerning the future. 2. Management accounting information is free from regulations from external sources.

Consider the following statements:

1.Financial accounting information does not include expectations concerning the future.

2. Management accounting information is free from regulations from external sources. Which of the above statements are correct? Statement 1 Statement 2

a) TRUE TRUE

b) TRUE FALSE

c) FALSE TRUE

d) FALSE FALSE

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