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Which of the following is an internal user of accounting information?
A. Investor
B. Manager
C. Supplier
D. Government
Manager
External users of accounting information include:
A. Employees
B. Managers
C. Creditors
D. Owners
Creditors
Who uses accounting information to decide whether to buy or sell shares?
A. Manager
B. Investor
C. Employee
D. Supplier
Which user is interested in the company’s ability to pay its debts?
A. Customer
B. Creditor
C. Employee
D. Manager
Creditor
Government agencies use accounting information mainly to:
A. Increase sales
B. Determine taxes
C. Hire employees
D. Manage operations
Determine taxes
Give two examples of internal users of accounting information.
Managers, Employees
Give two examples of external users of accounting information.
Investors, Creditors, Government
Who uses accounting information to plan, control, and make decisions inside the business?
Manager
Which users are concerned about job security and salary?
Employees
Who are the users that lend money to a business and expect repayment with interest?
Creditors
Maria wants to invest in a company. What type of user is she?
External User (Investor)
A bank evaluates a company’s financial statements before approving a loan. What type of user is the bank?
External Users (Creditor)
The manager reviews financial reports to improve business performance. Is the manager an internal or external user?
Internal User
The Bureau of Internal Revenue checks a company’s records. What type of user is it?
External user (Government)
Employees are analyzing financial statements to see if the company is stable. Why is this important to them?
For job security and stability