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3 years ago

Identify the following questions as most likely to be asked by an internal or an external user of accounting information

Business

1 answer:

shtirl [24]3 years ago

5 0

Answer:

The answer is:

1. - Internal user of accounting information(management)

2. External user of accounting information(banks)

3. Internal user of accounting information(management)

4. External user of accounting information(potential investors)

5. Internal user of accounting information(management)

6. External user of accounting information

7. Internal user of accounting information(management)

Explanation:

Internal users of accounting information are people within a organization who use the accounting information for decision making. Examples of are the management and employees. External users are people that are not within the organization. Examples are government, the public, banks, potential investors etc

1. - Internal user of accounting information(management)

2. External user of accounting information(banks)

3. Internal user of accounting information(management)

4. External user of accounting information(potential investors)

5. Internal user of accounting information(management)

6. External user of accounting information

7. Internal user of accounting information(management)

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Lyrx [107]

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3 years ago

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3 years ago

Read 2 more answers

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deff fn [24]

a. When the forces of supply and demand lead to an inefficient outcome: economists call this a market failure.

<h3>What is meant by market failure?</h3>

This is the term that has to do with the state where the market that is an economy can be said to not be working.

b. The question in this category needs us to be able to fill in the details from the question into the empty boxes. Therefore:

For the efficient box

a market in which economic surplus is maximized

For the inefficient box:

a market transaction in which buyers or sellers behave irrationally
a market transaction in which one party has information not available to other party
a market dominated by few powerful businesses
a market in which government regulation creates distortions