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Which of the following describes what managers, shareholders, employees, and creditors are? Select one: a. people designated by the board of directors to review company
Which of the following describes what managers, shareholders, employees, and creditors are? Select one: a. people designated by the board of directors to review company documents b. all employees of a corporation c. auditors of the health and well-being of a company d. all users of accounting information to assess a company's finances What would shareholders most likely use accounting information provided by their firm to do? Select one: a. determine whether the firm can repay them for their stock b. make capital budgeting decisions c. gauge whether the firm is generating a satisfactory return on their investment d. obtain information needed to fill out their individual tax returns Tiny Timber Tree Farms applied to United Bank for a business loan. Which financial statements would the loan officer of the bank be most likely to request? Select one: a. the prospectus, statement of retained earnings, and total liability statement b. balance sheets, income statements, and cash flow statements c. total debits and total credits d. journals, ledgers, and trial balances Which of the following types of accountants combine their knowledge of accounting with investigative skills? These accountants can help detect and investigate tax evasion, embezzlement, money laundering, and securities fraud. Select one: a. private accountants b. auditors c. forensic accountants d. government accountants
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