The Following Are Examples of External Users of Accounting Information

question 111

Multiple Choice

The following are examples of external users of accounting information except

• A) government entities
• B) customers
• C) creditors
• D) managers

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Definitions:

Prerogative Writs

Special orders issued by a higher court to lower courts or governmental entities, directing the performance of specific acts.

Duty

A legal or moral obligation to act or refrain from acting in a certain manner.

Mediation

A dispute resolution process involving a neutral third party who helps the conflicting parties reach a voluntary, mutually acceptable agreement.

Arbitration

A method of dispute resolution where a neutral third party, called an arbitrator, makes a binding decision to settle a dispute.