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Please show Solutions to applicable questions. Also write legibly if answers are written.thank you! 1. Which one of the following is not an external user
Please show Solutions to applicable questions. Also write legibly if answers are written.thank you!
1. Which one of the following is not an external user of financial information? A) Stockholders B) Creditors C) Internal Revenue Service D) Senior company management 2. The accounting activities carried out by a firm's accounting staff primarily to provide management with accounting data for decisions related to a firm's operations is referred to as: A) Financial accounting B) Managerial accounting C) Tax accounting D) Regulatory accounting E) None of the above 3. The area of accounting dealing with the preparation of financial statements showing a business's results of operations, financial position, and cash flow is referred to as: A) Financial accounting B) Managerial accounting C) Tax accounting D) Regulatory accounting E) None of the above 4. Which of the following represents an aspect of the accounting environment that may create ethical pressures on an accountant? A) Accountants have access to confidential and sensitive information. B) The output produced by accountants may have significant financial implications for one or more persons. C) Management may emphasize short-run profits. D) All of the above E) None of the above Step by Step Solution
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