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Test-Bank-for-Financial-Accounting-10th-Edition-by-Harrison Chapter 1 The Financial Statements 1) Accounting is an information system that measures business activities. 2) Bookkeeping is the mechanical part of accounting. 3) Accounting is often called the language of business. 4) Accounting produces financial statements, which report information about a business entity. 5) The accounting process begins and ends with people making decisions. 6) Accounting information is used by invest...