Which statement about users of accounting information is incorrect?
QUESTION
Which statement about users of accounting information is incorrect?
(a) Management is considered an internal user.
(b) Taxing authorities are considered external users.
(c) Present creditors are considered external users.
(d) Regulatory authorities are considered internal users.
d. Regulatory authorities are internal users. Regulating authorities are generally external agencies and government agencies who verify the books of accounts and check if the companies are following regulations. The management of the company is a group of internal users in the company
ANSWER:
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