The Following Are Examples of External Users of Accounting Information

question 111

Multiple Choice

The following are examples of external users of accounting information except

• A) government entities
• B) customers
• C) creditors
• D) managers

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Definitions:

Disclosure

The provision of relevant financial and other significant information by a company to its stakeholders and the public, ensuring transparency and informed decision-making.

Fair Value Adjustments

Adjustments made to the carrying value of an asset or liability to reflect its current market value.

Pre-acquisition Equity

The equity value of a company before being acquired by another entity, used to assess the financial status and baseline worth of the target company.

Revaluation Surplus

An increase in the carrying amount of an asset, recognized in equity, when its fair value exceeds its carrying amount.