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  • A The Following Are Users of Financial Statements

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    The document identifies users of financial statements and whether they are internal or external. It lists customers, the SEC, IRS, store managers, labor unions, suppliers, marketing managers, and VP of finance as external users, and production supervisors as internal users. It also presents questions that may be asked by internal or external users about profitability, costs, product emphasis, and debt payment ability.

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    A the Following Are Users of Financial Statements

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    The document identifies users of financial statements and whether they are internal or external. It lists customers, the SEC, IRS, store managers, labor unions, suppliers, marketing managers, and VP of finance as external users, and production supervisors as internal users. It also presents questions that may be asked by internal or external users about profitability, costs, product emphasis, and debt payment ability.

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    © All Rights Reserved
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    3 views1 page

    A The Following Are Users of Financial Statements

    Uploaded by

    Let's Talk With Hassan
    The document identifies users of financial statements and whether they are internal or external. It lists customers, the SEC, IRS, store managers, labor unions, suppliers, marketing managers, and VP of finance as external users, and production supervisors as internal users. It also presents questions that may be asked by internal or external users about profitability, costs, product emphasis, and debt payment ability.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    a The following are users of financial statements

    (a) The following are users of financial statements.______Customers ______Securities and


    Exchange Commission______Internal Revenue Service ______Store manager______Labor
    unions ______Suppliers______Marketing manager ______Vice-president of
    finance______Production supervisorInstructionsIdentify the users as being either external users
    or internal users.(b) The following questions could be asked by an internal user or an external
    user.______Can we afford to give our employees a pay raise?______Did the company earn a
    satisfactory income?______Do we need to borrow in the near future?______How does the
    company’s profitability compare to other companies?______What does it cost us to
    manufacture each unit produced?______Which product should we emphasize?______Will the
    company be able to pay its short-term debts?InstructionsIdentify each of the questions as being
    more likely asked by an internal user or an external user.View Solution:
    a The following are users of financial statements
    SOLUTION-- http://accountinginn.online/downloads/a-the-following-are-users-of-financial-
    statements/

    For Solutions Visit accountinginn.online


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