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1. Which of the following are not considered "external" users of financial statements? A. Owners. B. Creditors. C. Labor unions. D. Managers.

1. Which of the following are not considered "external" users of financial statements? A. Owners. B. Creditors. C. Labor unions. D. Managers.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. Which of the following are not considered "external" users of financial statements? A. Owners. B. Creditors. C. Labor unions. D. Managers. 2. Which financial statement is primarily concerned with reporting the financial position of a business at a particular time? A. The balance sheet. B. The income statement. C. The statement of cash flows. D. All three statements are concerned with the financial position of a business at a particular time. 3. Which of the following is generally not considered an external user of accounting information? A. Stockholders of a corporation. B. Bank lending officers. C. Financial analysts. D. Factory managers.
Transcribed Image Text:1. Which of the following are not considered "external" users of financial statements? A. Owners. B. Creditors. C. Labor unions. D. Managers. 2. Which financial statement is primarily concerned with reporting the financial position of a business at a particular time? A. The balance sheet. B. The income statement. C. The statement of cash flows. D. All three statements are concerned with the financial position of a business at a particular time. 3. Which of the following is generally not considered an external user of accounting information? A. Stockholders of a corporation. B. Bank lending officers. C. Financial analysts. D. Factory managers.
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