23.

Which of the following groups is considered to be internal users of accounting information?

a. government entities and banks

b. customers and vendors

c. employees and customers

d. employees and managers

25.

On May 20, White Repair Service extended an offer of $108,000 for land that had been priced for sale at $140,000. On May 30, White Repair Service accepted the seller's counteroffer of $115,000. On June 20, the land was assessed at a value of $95,000 for property tax purposes. On July 4, White Repair Service was offered $150,000 for the land by a national retail chain. At what value should the land be recorded in White Repair Service's records?

a. $115,000

b. $95,000

c. $108,000

d. $140,000