Question Details

Which of the following is not a user of financial reports?



1.	General-purpose financial statements are the product of
a.	financial accounting.
b.	managerial accounting.
c.	both financial and managerial accounting.
d.	neither financial nor managerial accounting.

	2.	Which of the following is not a user of financial reports?
a.	Creditors.
b.	Government agencies.
c.	Unions.
d.	All of these are users.

	3.	The financial statements most frequently provided include all of the following except the
a.	balance sheet.
b.	income statement.
c.	statement of cash flows.
d.	statement of retained earnings.

	4.	The information provided by financial reporting pertains to
a.	individual business enterprises, rather than to industries or an economy as a whole or to members of society as consumers.
b.	business industries, rather than to individual enterprises or an economy as a whole or to members of society as consumers.
c.	individual business enterprises, industries, and an economy as a whole, rather than to members of society as consumers.
d.	an economy as a whole and to members of society as consumers, rather than to individual enterprises or industries.
	5.	All the following are differences between financial and managerial accounting in how accounting information is used except to
a.	plan and control company's operations.
b.	decide whether to invest in the company.
c.	evaluate borrowing capacity to determine the extent of a loan to grant.
d.	All the answer choices are correct.




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