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Which of the following statements is not true? Multiple Choice 5 Financial accounting and managerial accounting are independent of each other. Financial accounting, due to

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Which of the following statements is not true? Multiple Choice 5 Financial accounting and managerial accounting are independent of each other. Financial accounting, due to the requirements of regulation, is mandatory for businesses. Managerial accounting has a strong orientation towards the future. Financial accounting presents a historical perspective of business activities

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