Determine whether each of the following accounting duties mainly involves financial accounting, managerial accounting, or tax accounting.

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Determine whether each of the following accounting duties mainly involves financial accounting, managerial accounting, or tax accounting.

1. Internal auditing.

2. External auditing.

3. Cost accounting.

4. Budgeting.

5. Enforcing tax laws.

6. Planning transactions to minimize taxes.

7. Preparing external financial statements.

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