Users of Accounting Information and Their Needs Microsenses Company would like to buy a building and equipment to produce a new product line. Some information about Microsenses 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 right with the user's need to know the information. Identify the information as

a. need to know;

b. helpful to know; or

c. not necessary to know.

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, related selling costs.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, related selling costs.

Transcribed Image Text:

MANAGEMENT USER OF THE INFORMATION STOCKHOLDERS BANKER INFORMATION