Investors, Customers and taxing authorities are external users of financial information
But Employee are internal user of financial information
So answer is c) Employee
Which of the following is not an external user of a business's financial information? O A....
Which of the following is an external user of a business's financial information? O Business's Board of Directors O Bank where business is applying for a loan O Business Manager Staff in business's accounting department
Which of the following statements about users of accounting information is incorre Present creditors are external users. Regulatory authorities are internal users. Taxing authorities are external users. O Management is an internal user.
nutes remaining Which of the following would not be considered an external user of accounting data for the LMN Company? Select one alternative: management. taxing authority agent. customers. creditors Reset 18 17 16 15 14 12 13 11 10 9 7 5 8 6 4 search
The balance sheet reports O A. a business's results of operations on a specific date. O B. a business's results of operations for a specific period. O c. a business's financial position for a specific period. OD. a business's financial position on a specific date.
Which of the following characteristics does NOT apply to Financial Accounting? Used by investors when making stock purchase decisions a. Information reviewed by external auditors Ob. Regularly uses predictiions Used by creditors when making loan approval decisions Od.
Which of the following functions of Financial Intermediaries is not shared by Food Intermediaries? O A. absorbing differences in timing OB. absorbing differences in quantity C. specializing in information OD. repacking products E. diversifying default risks
Which of the following statements best describes managerial accounting? A. Managerial accounting focuses on outside investors and lenders. B. Managerial accounting focuses on information for internal decision making. C. Managerial accounting provides information for the public. D. Managerial accounting provides information for taxing authorities.
The matching principle states that O A. a business's activities can be sliced into small time segments O B. companies should record revenue when it has been earned O c. financial statements can be prepared for specific periods OD. all expenses should be recorded when they are incurred during the period
Users of accounting information can be divided broadly into two types: internal users and external users. Complete the table below for each type of user, indicating how they use information and whether they are an internal or external user. User Use of Information Internal/External User 1. Shareholder 2. Chief Financial Officer 3. Employee 4. Bank 5. Canada Revenue Agency (CRA)
answer each question with an explnation of each answer please 6. Multiple Choice Question 73 Which of the following statements concerning users of accounting information is incorrect? b. a. Regulatory authorities are considered internal users. Taxing authorities are considered external users. Present creditors are considered external users. Management is considered an internal user c. d. Answer: 7. Multiple Choice Question 80 Issuing shares of stock in exchange for cash is an example of a(n) I investing activity operating activity financing...