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Assignment # 1 Date of Submission: Thursday, October 22, 2020 1. Match the following external users of financial accounting information with the type of decision
Assignment # 1 Date of Submission: Thursday, October 22, 2020 1. Match the following external users of financial accounting information with the type of decision that user will make with the information. a. Creditor b. Investor C. Regulatory Agency d Internal Revenue Service (1) Is the company operating within prescribed guidelines? (2) Is the company complying with tax laws? (3) Is the company able to pay its debts? (4) Is the company a good investment? 2. Match the following terms and definitions. a. Accounts receivable c. Accounts payable b. Creditor d. Note payable (1) Amounts due from customers (2) Amounts owed to suppliers for goods and services purchased (3) Amounts owed to bank (4) Party to whom money is owed
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