Indicate whether each of the five statements presented below is true or false.
1. the three steps in the accounting process are identification, recording, and examination.
2. the accounting process includes the bookkeeping function.
3. managerial accounting provides reports to investors and creditors evaluate a company.
4. the two most common types of external users are investors and creditors.
5. internal users include human resources managers.

1. The three steps in the accounting process are identification, recording, and examination. (F)

2. The accounting process includes the bookkeeping function. (T)

3. Managerial accounting provides reports to help investors and creditors evaluate a company. (F)

4. The two most common types of external users are investors and creditors. (T)

5. Internal users include human resources managers. (T)

Explanation:

The accounting system provides managers with information necessary for daily operations and also for long-term planning. The development of the most relevant information for specific business decisions and the interpretation of that information is called Management Accounting.

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

i have economics during second block which is easy to me. anyways, i think b.