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133 Test Bank for Accounting Tools for Business
Decision Making 5th Edition by Kimmel
Multiple Choice Questions
Which of the following would not be considered an internal user of
accounting data for the Xanadu Company?
a.President of the company
c.Merchandise inventory clerk
d.President of the employees' labor union
A corporation has which of the following set of characteristics?
a.Shared control, tax advantages, increased skills and resources
b.Simple to set up and maintains control with founder
c.Easier to transfer ownership and raise funds, no personal liability
d.Harder to raise funds and gives owner control
Which of the following groups uses accounting information primarily
to insure the entity is operating within prescribed rules?