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Identify the following users as either external users (E) or internal users (1). a. Creditors b. Shareholders C. Research and development managers d. Regulators e.
Identify the following users as either external users (E) or internal users (1). a. Creditors b. Shareholders C. Research and development managers d. Regulators e. Internal Revenue Service (IRS) f. Service managers g. Legislators h. Government officials i. Budget officers j. Chief financial officer (CFO) k. Labor unions 1. Voters 1. Use the accounting equation to compute the missing financial statement amounts Company 1 Assets Liabilities $ 95,000- $ 2 $ 35,000 . $ Equity 50,000 90,000 3 $ 125,000 $ 40,000 . 2. Use the expanded accounting equation to compute the missing financial statement amounts. Company Assets Liabilities Common Stock- Dividends + Revenues T $ 80,000 $ 26,000 $ 40,000 $ 0+ Expenses $ 18,000 2 $ 118,000 $ 42,000 $ 64,000 + $ 44,000 $ 28,000 Indicate in which financial statement each item would most likely appear, by selecting income statement (I), balance sheet (B), or statement of cash flows (CF) from the drop down provided. a. Accounts payable b. Wages payable c. Utilities expense d. Salaries payable e. Taxes payable f. Net decrease (or increase) in cash 9. Legal expense h. Note payable Identify each of the following items as revenues, expenses, or dividends from the drop down provided. 1. Rent received 2. Dividend paid 3. Advertisement 4. Postage 5. Cash dividends 6. Purchases 7. Sales 8. Fees eamed Check my wor
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