The following is a list of selected users of accounting information. Match the appropriate user to the following decisions they make with accounting information.
A. Assess whether an organization is likely to repay its loans with interest.
B. Know what, when, and how much to purchase.
C. Decide whether to buy, hold, or sell a company's stock.
D. Assess whether a company has paid all required taxes and complied with securities rules.
E. Judge the soundness of a customer before making sales on credit.
A. Lenders
B. Purchasing Managers
C. Shareholders
D. Regulators
E. Suppliers
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A check involves three parties. The person directed to receive the money is called the
a. drawer; b. drawee; c. depositor; d. payee; e. cashier.
One important difference between return on assets (ROA) and return on common shareholder's equity (ROCE) is
a. ROA does not differentiate based on how a company finances its assets; ROCE does. b. ROA does not distinguish between the different types of income items, such as income from continuing operations, discontinued operations, extraordinary items and changes in accounting principles; ROCE does. c. ROCE does not distinguish between the different types of income items, such as income from continuing operations, discontinued operations, extraordinary items and changes in accounting principles; ROA does. d. ROCE does not differentiate based on how a company finances its assets; ROA does.
Trading securities are valued on the balance sheet at
a. lower of cost or market. b. cost. c. market value. d. cost, adjusted for the effects of interest.
Regular sponsorship occurs
A. when a sponsor provides part of the content for a website. B. when a sponsor buys banners and headliners. C. when a sponsor takes a corporate sponsorship of a page. D. when a sponsor buys pop-ups. E. when a sponsor buys pop-unders.