Multiple Choice
Which of the following statements regarding external users is true?
A) Shareholders and creditors are the only people who need accounting information.
B) Canada Revenue Agency is the primary external user of financial information.
C) External users of accounting information include the managers who plan, organize, and run a business.
D) The information needs and questions of external users vary considerably.
Correct Answer:

Verified
Correct Answer:
Verified
Q33: Which of the following uses accounting information
Q34: Which of the following activities involves raising
Q35: The reasons for a decrease in cash
Q36: The users of private company financial statements
Q37: The statement of financial position is always
Q40: Which financial statement would indicate whether the
Q41: A statement of income<br>A)summarizes the changes in
Q42: The concept that economic activity, which can
Q43: If total liabilities decreased by $134,000 during
Q125: Accounting communicates financial information about a business