An External User Would NOT Include

question 108

Multiple Choice

An external user would NOT include

• A) A creditor of the company.
• B) Canada Revenue Agency.
• C) An employee.
• D) The company's bank.

---

Definitions:

Executor

The individual appointed to administer the estate of a deceased person in accordance with their will.

Testamentary Trust

A legal mechanism specified in a will that comes into effect upon the death of the individual, and dictates how their assets are allocated.

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Personal Representative

is an individual appointed to manage the estate of a deceased person, including distributing assets to beneficiaries.