Jamenac Company Recently Released Its First Set of Financial Statements

question 113

Essay

Jamenac Company recently released its first set of financial statements. Below is a list of potential users of the financial statements.
1. Labour Union
2. Employees
3. Canadian Imperial Bank of Commerce
4. CRA
5. Potential shareholders/ investors
6. Sales Manager
7. Marketing Manager
8. Economic planners
9. Provincial Securities Commission
10. Human Resource Director
11. Customers
Instructions
a. For each user identify whether the user is an external or internal user.
b. Provide a brief explanation as to the difference between external and internal users.

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Definitions:

Recursively Written

Describes a method or algorithm that calls itself within its own code.

Iterative Version

A version of an algorithm that uses loops to repeat certain operations until a condition is met, as opposed to recursion.

Last-In/First-Out

A data structure principle where the most recently added element is the first to be removed, exemplified by a stack.

Stack

A stack is a collection or data structure that adheres to the Last-In-First-Out (LIFO) principle, where items are added and removed from the top.