1. Which of the following user groups is an internal user of accounting information for the XYZ Company Ltd? a) auditors from the Australian Taxation Office b) management of XYZ Company c) creditors of XYZ Company d) customers of XYZ Company 2. The method being used to determine the amount of the allowance for doubtful debts that relies on a schedule in which customers balances are classified by the length of time they have been unpaid, is known as the: a) direct write-off method b) net realisable method c) aged accounts receivable method d) conservatism method 3. Supervisors counting cash receipts daily is an example of: a) other controls b) independent internal verification c) establishment of responsibility d) segregation of duties 4. ABC Ltd had total assets of $80,000 and total liabilities of $50,000 at the beginning of the year. During the year the business recorded $110,000 in revenues, $55,000 in experises, and dividends of $25,000 were distributed. Equity at the end of the year is: a) $55,000 b) $60,000 c) $65,000 d) $45,000