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Can someone answer these? Thanks! 1. What is meant by the term stakeholders? a. Stakeholders are the parties that are interested in operations of an

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1. What is meant by the term "stakeholders?" a. Stakeholders are the parties that are interested in operations of an organ ization and eat steak at board meetings b. Stakeholders are the parties that are interested in operations of an organization and are most often users or potential users of financial accounting information e. Stakeholders are limited to common stockholders who have a financial stake in the compamy. d. Stakeholders are limited to investors, employees and governmental agencies 2. Which of the following groups has the primary responsibility for establishing generally accepted accounting principles for business entities in the United States? A. Internal Revenue Service (IRS). B. U.S. Congress. C. International Accounting Standards Board (IASB). D. Financial Accounting Standards Board (FASB) 3. Wh ich resource provider typically receives first priority when resources are divided as part of a A. The company's managers B. Stockholders C. Creditors D. Owners 4. Managerial accounting provides information primarily to which of the following groups or individuals? A. Shareholders B. Internal users, such as employees C. External users D. Both A and B 5."GAAP" stands for A. Government B. Generally Applied Accounting Procedures C. Generally Authorized Auditing Principles D. Generally Accepted Accounting Principles 6. Which of the following items is an example of revenue? A. Cash received from a bank loan. B. Cash received from customers at the time services were provided. C. Cash investments made by owners. D. All of these

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