Which of the Following Statements Regarding External Users Is True

question 38

Multiple Choice

Which of the following statements regarding external users is true?

• A)Shareholders and creditors are the only people who need accounting information.
• B)Canada Revenue Agency is the primary external user of financial information.
• C)External users of accounting information include the managers who plan, organize, and run a business.
• D)The information needs and questions of external users vary considerably.

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Definitions:

Physical Injury

Harm or damage inflicted upon a person's body.

Contract

A contractual accord enforceable by law, specifying duties and entitlements among two or more involved entities.

Tort Law

A body of law that addresses and provides remedies for civil wrongs not arising out of contractual obligations.

Perilous Situations

Circumstances that present significant risk or danger to safety or well-being.