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.

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Definitions:

Taxable Income

The portion of an individual's or organization's income used to calculate how much tax will be owed to the government.

Federal Government

The national government of a federated state, which holds the authority to govern the country at a national or federal level, distinct from regional or local governments.

Government Dollar

Currency issued by a country's government, representing the medium of exchange accepted for transactions and as payment for debts.

Standard Deduction

A preset reduction in taxable income on a federal income tax return, not requiring itemization of individual deductions.