51.Which of the following wouldnotbe considered internal users of accounting data for a company?a.The president of a companyb.The controller of a companyc.Creditors of a companyd.Salesmen of the company1 -2 Show
52.Which of the following is an external user of accounting information? Get answer to your question and much more 53.Which one of the following isnotan external user of accounting information? Get answer to your question and much more 54.Bookkeeping differs from accounting in that bookkeeping primarily involves which part of the accountingprocess?All of the following are services offered by public accountants except Get answer to your question and much more a.budgeting.b.auditing.c.tax planning.d.consulting. a56.Which list below best describes the major services performed by public accountants?57.Preparing tax returns and engaging in tax planning is performed by Get answer to your question and much more Get answer to your question and much more a58.A private accountant can perform many activities in a business organization but wouldnotwork in Get answer to your question and much more Henson Company began the year with retained earnings of $350,000. During the year, the company recorded revenues of $500,000, expenses of $380,000, and paid dividends of $40,000. What was Henson's retained earnings at the end of the year? Pinson Company began the year with retained earnings of $550,000. During the year, the company recorded
revenues of $600,000, expenses of $380,000, and paid dividends of $140,000. What was Pinson's retained earnings at the end of the year? Finney Company began the year by issuing $20,000 of common stock for cash. The company recorded revenues of $185,000, expenses of $160,000, and paid dividends of $10,000. What was Finney's net income for the year? Lankston Company began the year by issuing $60,000 of common stock for cash. The company recorded revenues of $550,000, expenses of $480,000, and paid dividends of $30,000. What was Lankston's net income for the year? Gilkey Corporation began the year with retained earnings of $155,000. During the year, the company issued $210,000 of common stock, recorded
expenses of $600,000, and paid dividends of $40,000. If Gilkey's ending retained earnings was $165,000, what was the company's revenue for the year? Kilmer Corporation began the year with retained earnings of $310,000. During the year, the company issued $420,000 of common stock, recorded expenses of $1,200,000, and paid dividends of $80,000. If Kilmer's ending retained earnings was $330,000, what
was the company's revenue for the year? Jimmy's Repair Shop started the year with total assets of $150,000 and total liabilities of $120,000. During the year the business recorded $315,000 in revenues, $165,000 in expenses, and dividends of $30,000. Stockholders' equity at the end of the year was Jimmy's
Repair Shop started the year with total assets of $150,000 and total liabilities of $120,000. During the year the business recorded $315,000 in revenues, $165,000 in expenses, and dividends of $30,000. The net income reported by Jimmy's Repair Shop for the year was Ashley's Accessory Shop started the year with total assets of $70,000 and total liabilities of $40,000. During the year the business
recorded $110,000 in revenues, $55,000 in expenses, and dividends of $20,000. Stockholders' equity at the end of the year was Ashley's Accessory Shop started the year with total assets of $70,000 and total liabilities of $40,000. During the year the business recorded $110,000 in revenues, $55,000 in expenses, and dividends of $20,000. The net income reported by Ashley's Accessory Shop for the year
was Elston Company compiled the following financial information as of December 31, 2012: Elston's assets on December 31, 2012 are: Elston Company compiled the following financial information as of December 31, 2012: Elston's retained earnings on December 31, 2012 are: Elston Company compiled the following financial information as of December 31, 2012: Elston's stockholders' equity on December 31, 2012 is: Benedict Company compiled the following financial information as of December 31, 2012: Benedict's assets on December 31, 2012 are: Benedict Company
compiled the following financial information as of December 31, 2012: Benedict's retained earnings on December 31, 2012 are: Benedict Company compiled the following
financial information as of December 31, 2012: Benedict's stockholders' equity on December 31, 2012 is: Marvin Services Corporation had the following accounts and balances: Accounts payable $12,000 Equipment $14,000 If the balance of the Buildings account was $28,000 and $2,000 of Accounts Payable were paid in cash, what would be the balance of the total stockholders' equity? Marvin Services Corporation had the following accounts and balances: Accounts payable $12,000 Equipment $14,000 If the balance of the Buildings account was $16,000 and $4,000 of Accounts Payable were paid in cash, what would be the total liabilities and stockholders' equity? Marvin Services Corporation had the following accounts and balances: Accounts payable $12,000 Equipment $14,000 If total stockholder's equity was $38,000, what would be the balance of the Buildings Account? Marvin Services Corporation had the following accounts and balances: Accounts payable
$12,000 Equipment $14,000 If the balance of the Buildings account was $30,000 and the equipment was sold for $14,000, what would be the total of stockholders' equity? Marvin Services Corporation had the following accounts and balances: Accounts payable $12,000
Equipment $14,000 If the balance of the Buildings account was $34,000, what would be the total of liabilities and stockholders' equity? Which of the following is not an internal user of accounting data?Answer and Explanation: A c) creditor is not an internal user. Creditors are external users who rely on financial accounting rather than managerial accounting to make decisions.
Which of the following would be considered an internal user of accounting data for a company?Board of directors, Partners and Mangers are considered as internal users.
Which of the following would not be considered an internal users of accounting data for the GHI company?Answer and Explanation: Answer choice (d). President of the employees' labor union.
Which of the following would not be considered an internal user of accounting data for the XYZ Co?Which of the following would not be considered an internal user of accounting data for the XYZ Company? President of the employees' labor union.
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Which of the following would not be considered internal user of accounting data for a company?
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