Part A. Identify the following users of accounting information as either an internal (I) or an external
Question:
_______ 1. Shareholders
_______ 2. Creditors
_______ 3. Nonexecutive employee
_______ 4. Research and development director
_______ 5. Purchasing manager
_______ 6. Human resources director
_______ 7. Production supervisors
_______ 8. Distribution managers
Part B. Identify the following questions as most likely to be asked by an internal (I) or an external (E) user of accounting information.
_______ 1. What are the costs of our service to customers?
_______ 2. Should we make a five-year loan to that business?
_______ 3. Should we spend further research on our product?
_______ 4. Do income levels justify the current stock price?
_______ 5. What are reasonable payroll benefits and wages?
_______ 6. Which firm reports the highest sales and income?
_______ 7. What are the costs of our product’s ingredients?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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