8. Which of the following is the best definition of an internal user of accounting information? a. Investors who use accounting information to decide whether to buy or sell stock b. Creditors, such as banks, that use accounting information to evaluate the risk of lending money c. Labor unions who use accounting information to examine the ability of the company to pay increased wages and benefits d. Managers who use accounting information to plan, organize, and run a business Multiple Choice - 2 points 9. Elston Company compiled the following financial information as of December 31, 2022: Service revenue $840,000 Common stock 180,000 Equipment 240,000 Operating expenses 750,000 Cash 210,000 Dividends 60,000 Supplies 30,000 Accounts payable 120,000 Accounts receivable 90,000 Retained earnings, 1/1/2022 450,000 a. Elston's retained earnings on December 31, 2022 are $450,000 b. $540,000 $480,000. d. $ 30,000. c. Multiple Choice - 1 point each b. 6. The proprietorship form of business organization a. must have at least two owners in most states. generally receives favorable tax treatment relative to a corporation. c. combines the records of the business with the personal records of the owner. d. is classified as a separate legal entity. 7. Most business enterprises in the United States are a. proprietorships and partnerships. b. partnerships. c. corporations. d. government units