Which of the following is not an external user of a business’s financial information? Taxing authorities Customers Employees Investors

Q: Which of the following is not a purpose of financial statement analysis: Multiple Choice O O O O O…

A: Financial Statement Analysis is the analysis of  Balance sheets, Income Statements and Cash Flows so…

Q: Which of the following statements best describes controlled business? Insurance agencies that are…

A: Insurance is an agreement between the two parties under which one party agrees to provide financial…

Q: Shareholders are extemal users of accounting information.

A: Shareholders are the owners of the company who own its share capital.

Q: identify all factors which might cause an accounting firm to decide not to retain a client or to…

A: An accounting firm serves businesses, individual, and corporation in preparing their financial…

Q: As a potential investor in a firm or perhaps the buyer of a particular business, would it be…

A: Financial Statements are documents which contains all the material information related to the…

Q: how will a change from cash basis accounting to accural basis accounting positively and negatively…

A: Books of accounts can be maintained either using the cash basis accounting or using the accrual…

Q: Which of the following is not an external user of a business’s financial information? a. Taxing…

A: Financial information: The financial information of the company is used by many internal &…

Q: Which of the following is not an external user of a business’s financial information? Taxing…

A: The financial information of the company is used by many internal & external users for getting…

Q: financial accounting focuses on providing information to internal users , is it true or false ?

A: Financial accounting is referred to a branch of accounting which keeps a complete record of all the…

Q: 1.Which of the following situations could be evidence that the investor lacks the capacity to…

A: Answer: To exercise significance control over the other company the investor is required to hold…

Q: what is the job of a financial intermediary*? What might happen if they fail to do their job? *as…

A: A financial intermediary is an institution that serves as a middleman in a financial transaction…

Q: how does being unethical in the financial industry affect communication with clients?

A: In the financial services industry an agent or the concerned company (which is the financial…

Q: Which of the following users is not considered an internal user of accounting O a. An employee O b.…

A: Internal user of accounting means the stakeholder within the organization who uses the accounting…

Q: External users of financial accounting information include all of the following except ________.…

A: There are two types of users for financial accounting. 1. Internal users 2. external user Internal…

Q: What is an externality, and why do financial accounting practices typically ignore externalities?

A: Externality is the benefit or the cost caused through the producer that is not incurred financially…

Q: A business owner may choose to use a VUL for which of the following reasons? O To provide key person…

A: VUL is a sort of whole life insurance with a built-in savings component that allows for cash value…

Q: 20)Which of the following is the best definition of an internal user of accounting information? A)…

A: Introduction: Accounting: Accounting is a art of recording , classifying , summarizing,and…

Q: An internal auditor should be an expert in which of the following branches of business ? Accounting…

A: An internal auditor is a company employee who independently and objectively evaluates the…

Q: What are financial statements and explain different types of users of finanacial statement including…

A: Financial statements are statements that are prepared at the end of the period in order to analyse…

Q: Which of these persons generally does not participate in writing the management letter?a. Client’s…

A: Answer: Option a.

Q: Which of the following statements best describes controlled business? Insurance agencies that are…

A: The correct answer for the above mtnioned question is given in the following steps for you…

Q: Why is it necessary for accountants to assume that business entity will remain a going concern?

A: According to the going concern principle of accounting, it is assumed that the company's operations…

Q: Why do you think providers of finance are interested in a company's accounting information?

A: Finance means a money management system like Borrowing money, investing money, expenses money,…

Q: Which of the following is an internal user of a company's financial information?   A shareholder in…

A:

Q: Which of the following types of businesses require financial information to operate effectively?

A: The following types of businesses require financial information to operate effectively are:(1)…

Q: Financial services are concerned with the duties of the financial manager.ture or false

A: Financial services includes professional services involving the investment and management of money.…

Q: A private accountant is an accountant whose services may be hired on a fee basis by individuals or…

A: A private accountant is educated to execute business transactions like billings and accounts…

Q: Shareholders are external user of accounting information . The answer is true or false

A: The objective of the financial statement or accounting information is to provide information about…

Q: People with an indirect interest in a business would use report based on GAAP. TRUE or FALSE?

A: The persons including individuals and institutions have either direct or indirect interest in the…

Q: ship, so accounting standards based on ‘decision-usefulness for investors’ are misconceived. And…

A: It will cause many additional problems that the really need is the Companies Act requirement in…

Q: How could the presentation  of financial information  pose an ethical dilemma to a business…

A: A professional in public has a responsibility to legitimate his clients. The ethical codes do not…

Q: Which of the following is not an external user of a business’s financial information? Taxing…

A: Financial information: The financial information of the company is used by many internal &…

Q: Which of the following are not included in the external users of accounting nformation? O a. Tax…

A: There are two types of users of accounting information. Internal users  External users.

Q: eXtensible Business Reporting Language

A: XBRL (extensible Business reportage Language) XBRL (extensible Business reportage Language) may be…

Q: 1.What types of people or organizations are interested in financial information about a firm, and…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: hat kinds of limitations exist in analyzing a company just by reading its financial reports?

A: solution financial statements and reports basically means the statement of profit and loss account ,…

Q: Which of the following is an internal user of company's financial information? a. company treasurer…

A: Internal users of the financial information are the person whose interest is directly involved in…