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- Which of the following is not considered an internal user of accounting data?
- Which of the following would not be considered an internal users of accounting data for a company Mcq?
- Which of the following would be considered an internal users of accounting data for a company *?
- What are the 3 internal users of accounting?
- Which of the following is not considered an external user of accounting data?
- Who are the external users of accounting data?
- Which of the following is not an internal user of accounting data?
- Which one of the following is not an example of external users?
Nội dung chính Show
- Which of the following is not considered an internal user of accounting data?
- Which of the following would not be considered an internal users of accounting data for a company Mcq?
- Which of the following would be considered an internal users of accounting data for a company *?
- What are the 3 internal users of accounting?
11. Which of the following user groups is an internal user of accounting information
for the XYZ Company Ltd?
a. auditors from the Australian Taxation Office.
*b. management of XYZ Company.
c. creditors of XYZ Company.
d. customers of XYZ Company.
Answer: b
Learning objective 1.5 – Identify the users of financial reports and describe users'
information needs.
Feedback: Managers are internal users of accounting information.
12. Which of the following users would not be considered an internal user of
accounting data for a company?
a. the chief executive officer of the company.
b. the financial director of the company.
*c. a creditor of the company.
d. a salesperson employed by the company.
Answer: c
Learning objective 1.5 – Identify the users of financial reports and describe users'
information needs.
Feedback: Creditors are an external resource provider.
51.Which of the following wouldnotbe considered internal users of accounting data for a company?a.The president of a companyb.The controller of a companyc.Creditors of a companyd.Salesmen of the company1 -2
52.Which of the following is an external user of accounting information?
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53.Which one of the following isnotan external user of accounting information?
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54.Bookkeeping differs from accounting in that bookkeeping primarily involves which part of the accountingprocess?All of the following are services offered by public accountants except
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a.budgeting.b.auditing.c.tax planning.d.consulting.
a56.Which list below best describes the major services performed by public accountants?57.Preparing tax returns and engaging in tax planning is performed by
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a58.A private accountant can perform many activities in a business organization but wouldnotwork in
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1. Which of the following wouldnotbe considered an internal user of accounting data for theXYZ Company?a. President of the companyb. Production managerc. Merchandise inventory clerkd. President of the employees' labor union
2. Which of the following wouldnotbe considered an external user of accounting data for theXYZ Company?
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3. Generally accepted accounting principles are
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We have textbook solutions for you!The document you are viewing contains questions related to this textbook.
College Accounting, Chapters 1-27
Heintz/Parry
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4. The basic accounting equation may be expressed as
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5. Liabilitiesa. are future economic benefits.b. are existing debts and obligations.c. possess service potential.d. are things of value used by the business in its operation.
6. The basic accounting equationcannotbe restated as
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7. The accounting equation for Goodboys Enterprises is as follows:Assets LiabilitiesStockholders' Equity$120,000 = $60,000 + $60,000If Goodboys purchases office equipment on account for $12,000, the accounting equation willchange toAssetsLiabilitiesStockholders' Equity
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8. As of June 30, 2008, Houston Company has assets of $100,000 and stockholders' equity of$5,000. What are the liabilities for Houston Company as of June 30, 2008?
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9. Creditsa. decrease both assets and liabilities.b. decrease assets and increase liabilities. c. increase bothassets and liabilities. d. increase assets and decrease liabilities.10. A debit to an asset account indicates a. an error. b. a credit was made to a liability account. c.a decrease in the asset.d. an increase in the asset.
11. An accountant has debited an asset account for $1,000 and credited a liability account for$500. What can be done to complete the recording of the transaction?
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Which of the following is not considered an internal user of accounting data?
Creditors use accounting information to determine whether the entity can pay its obligations or not. Creditors are the outsiders that lend money to the company. Therefore, creditors would not be considered internal users of accounting data for a company.
Which of the following would not be considered an internal users of accounting data for a company Mcq?
Answer choice c. External users are not involved in the day to day operations and are external to the organization. Examples of external users can include creditors and investors.
Which of the following would be considered an internal users of accounting data for a company *?
Internal users of accounting information are those individuals inside a company who plan, organize, and run the business. These users are directly involved in managing and operating the business. These include marketing managers, production supervisors, finance directors, company officers and owners.
What are the 3 internal users of accounting?
Examples of internal users are owners, managers, and employees. External users are people outside the business entity (organization) who use accounting information.
Which of the following is not considered an external user of accounting data?
An external user of accounting data is one that is not an employee or manager within the company and is not involved in the day to day operations. The CFO is considered an internal user. Economic planners, labor unions, and customers are all external users.
Who are the external users of accounting data?
External users are people outside the business entity (organization) who use accounting information. Examples of external users are suppliers, banks, customers, investors, potential investors, and tax authorities.
Which of the following is not an internal user of accounting data?
Answer and Explanation: A c) creditor is not an internal user. Creditors are external users who rely on financial accounting rather than managerial accounting to make decisions.
Which one of the following is not an example of external users?
Answer and Explanation: Internal users are people inside the business. Examples include employees, management, and owners. External users are people outside the business. Examples include investors, government authorities, customers, suppliers, bankers, and regulatory agencies.