Outside investors would ordinarily use managerial accounting information to decide whether or not to invest in a business. Indicate whether the statement is true or false ANSWER FALSE
Date: September 2nd, 2020
A creditor is any person who has an ownership interest in a business. Indicate whether the statement is true or false ANSWER FALSE
Date: September 2nd, 2020
Different users of accounting information focus on the information they need to make the best choices. Indicate whether the statement is true or false ANSWER TRUE
Date: September 2nd, 2020
Any person or business to whom a business owes money is called the business’s creditor. Indicate whether the statement is true or false ANSWER TRUE
Date: September 2nd, 2020
The primary objective of financial reporting is to provide information useful for making investment and lending decisions. Indicate whether the statement is true or false ANSWER TRUE
Date: September 2nd, 2020
Managerial accounting provides information to ________. A) internal decision makers B) outside investors and lenders C) creditors D) taxing authorities ANSWER A
Date: September 2nd, 2020
