The president of a company. The controller of a company. Creditors of a company. Salesmen of the company. Ans: LO2 BT: C Difficulty: Easy TOT: 1.0 min. AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting
Which of the following is an external user of accounting information? Labor unions. Finance directors. Company officers. Managers. LO2 BT: C Difficulty: Easy TOT: 1.0 min. AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting
Which one of the following is not an external user of accounting information? Regulatory agencies. Customers. Investors. All of these are external users. Ans: LO2 BT: C Difficulty: Easy TOT: 1.0 min. AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting
Bookkeeping differs from accounting in that bookkeeping primarily involves which part of the accounting process? Identification. Communication. Recording. Analysis. Ans: LO2 BT: C Difficulty: Easy TOT: 1.0 min. AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting
The origins of accounting are generally attributed to the work of Christopher Columbus.