Which of the Following Is an External User of Accounting

question 184

Multiple Choice

Which of the following is an external user of accounting information?

• A) Labor unions.
• B) Finance directors.
• C) Company officers.
• D) Managers.

Differentiate between current and deferred tax expenses and understand their calculation according to GAAP.

Understand the concept and reporting requirements for deferred taxes and temporary differences in financial statements.

Identify how changes in tax laws affect income tax expense and the valuation of deferred tax assets and liabilities.

Analyze how deferred tax assets and liabilities are adjusted based on future tax rate changes and profitability outlooks.

---

Definitions:

Suicide Attempt

An act of intentionally trying to take one's own life.

Verbal Abuse

The act of forcefully criticizing, insulting, or denouncing someone verbally.

Economic Stability

The condition where an economy experiences constant growth, low inflation, and low unemployment, leading to confidence in the economic system.

Disabled Family Coping

Strategies and practices that families with disabled members use to manage stress and challenges associated with disability.