Which of the Following Would Not Be Considered an Internal

question 104

Multiple Choice

Which of the following would not be considered an internal user of accounting data for a company?

• A) The president of a company
• B) The controller of a company
• C) Creditor of a company
• D) Salesperson of a company

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Definitions:

Creditor

An individual or institution that lends money or extends credit to another party, known as the debtor.

Lien

A legal right or interest that a lender holds in the debtor's property, serving as security for the repayment of a debt.

Chapter 11

A provision of the United States Bankruptcy Code that allows businesses to reorganize and restructure debt under court supervision while continuing operations.

Plan of Reorganization

A financial and operational strategy used by companies emerging from bankruptcy to restructure and revitalize their operations, debt, and equity.