Which of the Following Would Not Be Considered an External

question 36

Multiple Choice

Which of the following would not be considered an external user of accounting data?

• A) Canada Revenue Agency
• B) management
• C) creditors
• D) customers

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Definitions:

Inventory Accounts

Accounts used to track the cost of inventory that has been purchased but not yet sold to customers.

Manufacturing Company

A business that produces finished goods from raw materials by using various forms of labor, equipment, and processes.

Merchandising Company

A business that purchases finished goods for resale, making a profit on the difference between the buying and selling prices.

Marketable Securities

Financial instruments that can be easily converted into cash at their current market value.