The External Users of Financial Statements include all EXCEPT the company's Creditors a. Investors b. Creditors c. Regulators d. Managers The Financial Statements are created under a common set of professional standards referred to as: a. The Standards of Accounting b. Generally Accepted Accounting Principles c. The Paccioli Principle d. Internal Revenue Service Code Which the following descriptions best describes Financial ACCOUNTING? a. Records data but does not communicate the data to users according to any specific rules. b. Is an information system that provides reports to users. c. Is of no use by individuals outside of the internal management of the company. d. Is used only for filling out tax returns and other governmental reports Stockholders in a corporation have an interest in the company because: a. They are the owners of the corporation and have potentially provided major financing for the business. b. They provide incentives for the company to marke