Users of Accounting Information and Their Needs Havre Company would like to buy a building and equipment to produce a new product line.

Some information about Havre is more useful to some people involved in the project than to others.

Required Complete the following chart by identifying the information listed on the left with the user’s need to know the information. Identify the information as one of the following:

a. Need to know

b. Helpful to know

c. Not necessary to know

Transcribed Image Text:

Information 1. Amount of current debt, repayment schedule, and interest rate 2. Fair market value of the building 3. Condition of the roof and heating and cooling, electrical, and plumbing systems 4. Total cost of the building, improvements, and equipment to set up production 5. Expected sales from the new product, variable production costs, and related selling costs User of the Information Management Stockholders Banker