ne stem or question prompt here. False Accounting is about understanding the numbers. Recording personal living costs of of the company's owner as expenses of the company, can be described as unethical. External users are managers, who plan, organize and run the business, Preparing an income statement (profit & loss statement) belongs to the Managerial Accounting. C The Monetary Unit Assumption describes companies, which only record events that can be measured in money Shareholders of a corporation enjoy unlimited liability. To ensure high-quality financial reporting, accountants present financial statements in conformity with accounting standards that are issued by standard setting bodies. che stem or question prompt here