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The Following Is a List of Users of Accounting Information

Question 191

Matching

The following is a list of users of accounting information. Match the following information needs to the appropriate user groups. NOTE: Some needs may apply to more than one user group.

Premises:
Promptness of customer payment of bills.
Verification that external reports are accurate.
The ability of a company to repay its loans.
Computation of taxes.
The level of sales necessary to break even.
Fairness of wages.
The amount of current income.
Profit outlook.
Responses:
Lenders
Suppliers
Employees
Shareholders
Managers
External auditors
Regulators

Correct Answer:

Promptness of customer payment of bills.
Verification that external reports are accurate.
The ability of a company to repay its loans.
Computation of taxes.
The level of sales necessary to break even.
Fairness of wages.
The amount of current income.
Profit outlook.
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