problem1: Which of the following would not be considered an internal user of accounting data for the ABC Company?
[A] Merchandise inventory clerk
[B] President of the employees’ labor union
[C] President of the company
[D] Production manager
problem2: External users want answers to all of the following problems except
[A] Will the company be able to afford employee pay rises this year?
[B] How does the company compare in profitability with competitors?
[C] Is the company earning satisfactory income?
[D] Will the company be able to pay its debts as they come due?
problem3: Which type of corporate information is not available to investors?
[A] Cash provided by investing activities
[B] Beginning cash balance
[C] Dividend history
[D] Forecast of cash needs for the upcoming year
problem4: The right to receive money in the future is called a(n)
[C] Account payable
[D] Account receivable
problem5: Borrowing money is an ex of a(n)
[A] Investing activity
[B] Operating activity
[C] Delivering activity
[D] Financing activity