Question Details

Which of the following would not be considered an internal user 



1.	Communication of economic events is the part of the accounting process that involves
a.	identifying economic events.
b.	quantifying transactions into dollars and cents.
c.	preparing accounting reports.
d.	recording and classifying information.


	2.	Which of the following events cannot be quantified into dollars and cents and recorded as an accounting transaction?
a.	The appointment of a new accounting firm to perform an audit.
b.	The purchase of a new computer.
c.	The sale of store equipment.
d.	Payment of income taxes.

	3.	The accounting process involves all of the following except
a.	identifying economic transactions that are relevant to the business.
b.	communicating financial information to users by preparing financial reports.
c.	recording nonquantifiable economic events.
d.	analyzing and interpreting financial reports.

   4.	The accounting process is correctly sequenced as
a.	identification, communication, recording.
b.	recording, communication, identification.
c.	identification, recording, communication.
d.	communication, recording, identification.

	5.	Which of the following would not be considered an internal user of accounting data for the GHI Company?
a.	President of the company.
b.	Production manager.
c.	Merchandise inventory clerk.
d.	President of the employees' labor union.




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