Kindly answer this please.. Thank you!
a. Board of Directors b. Creditors c. Investors d. Customers 7. Which of the following is NOT considered an internal user of accounting information? a. Owners of a business c. Suppliers b. Senior partners of an audit firm d. Customers 8. Which of the following is NOT considered an external user of accounting information? a. BIR officials b. Production Supervisor c. Customers d. Accountancy student 9. Jason is a University professor in a BS Accountancy program. Also, he is a stockholder of Everest Company. In the point of view of Everest Company, which group of users Jason belongs to? a. external user c. external or internal b. internal user d. not external nor intemal 10. This group of users of accounting information invested resources to the company with the hopes of earning acceptable returns. a. creditors c. external or internal b. potential investors d. owners or stockholders 11. Which of the following does NOT fall under the category of customer? a. Daniel, a client of SGV Auditing Firm b. Banjo, a regular purchaser of deodorant in Aling Nelia's Sari-Sari Store c. Ryan, an individual collecting annual payments from Company X d. Jerome, a loyal gamer in Net Z Computer Shop 12. Which one advantage of a corporation has over a partnership? a. a corporation has separate legal existence b. partnership net income is taxed only on the company level c. stockholders of a corporation have limited liability d. a corporation is easier to form than a partnership 13. All of the following are advantages of a sole proprietorship EXCEPT a. the owner has a full control of the business b. all the profits of the business belong to the owner c. a sole proprietorship can operate under fictitious or trade names d. taxation of a sole proprietorship is simple 14. Fred and Pat formed a partnership for the practice of their profession. Fred contributed P 100,000 in cash and a vehicle to be used for company purposes. On the other hand, Pat contributed a piece of land where the office of partnership will be located. Which of the following is true? a. Pat is the owner of the land. b. During liquidation, Fred can claim the vehicle since he is also the one that contributed it. c. The partnership is the owner of the vehicle only. d. The partnership is the owner of both the land and the vehicle. 15. Which of the following types of business cannot be a corporation? a. Restaurants c. law firms b. shoe manufacturers d. car manufacturers 16. At least how many persons are required to form a cooperative? a. 10 persons c. 20 persons b. 15 persons d. 5 persons 17. Which of the following is NOT considered as a manufacturing company? a. car company c. bakery shop b. bank d. oil company 18. Which of the following is considered a merchandising company? a. SGV Auditing Firm c. SMA Catarman b. National Book Store d. Toyota Corporation 19. Which of the following is considered a service type of business? a. Shaskia's Cakes and Pastries Bakery c. Dresses by Pauline b. Karla's Meat Shop d. Patricia's School of Toddlers
