What Type of Users Need Aggregate Cost Information About Products

question 45

Multiple Choice

What type of users need aggregate cost information about products or services?

• A)managers
• B)external users
• C)factory supervisors
• D)internal users

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Definitions:

Consolidated Statement of Cash Flows

A financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company, taking into account both its subsidiaries and parent company.

Average Exchange Rate

A calculation representing the mean value of a currency against another over a specified period.

Historical Rate

The exchange rate at which a foreign currency transaction was valued on the transaction date, used for converting transactions denominated in foreign currencies.

Functional Currency

The primary currency of the principal economic environment in which an entity operates, usually used in preparing financial statements.