Internal Users of Accounting Information Include All of the Following

question 63

Multiple Choice

Internal users of accounting information include all of the following except

• A)company officers.
• B)investors.
• C)marketing managers.
• D)production supervisors.

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Definitions:

Correcting Entry

A journal entry made in accounting records to amend a previously recorded error.

Salaries and Wages Expense

The total cost incurred by a business to compensate its employees for their labor during a period.

Salaries and Wages Payable

Represents liabilities for amounts owed to employees for work performed but not yet paid.

Property Plant and Equipment

Long-term tangible assets owned by a company and used in its operations to generate income, including buildings, machinery, and equipment.