Which of the following statements concerning users of accounting information is incorrect? A) Management is considered an internal user. B) present creditors are considered external users. C) Regulatory authorities are considered internal users. D) Taxing authorities are considered external user. The cost of assets consumed or services used is also known as A) a revenue. B) an expense. C) a liability. D) an asset. Reporting a net income of $95,000 will A) increase retained earnings. B) decrease retained earnings. C) increase common stock. D) decrease common stock. Based on the following partial financial information, what is the amount of CURRENT assets? A) $212,000 B)$370,000 C) $232,000 D) $230,000