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Part I Ture/False Question (Please circle the correct answer) 1. Managers carry out three major activities: planning, implementation, and control. TRUE/FALSE 2. Managerial Accounting reports

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Part I Ture/False Question (Please circle the correct answer) 1. Managers carry out three major activities: planning, implementation, and control. TRUE/FALSE 2. Managerial Accounting reports are prepared for external users while Financial Accounting reports are prepared for internal users. TRUE/FALSE

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