The Internal User of Accounting Information Is The

question 46

Multiple Choice

The internal user of accounting information is the:

• A) customer.
• B) local council.
• C) auditor from the Australian Tax Office.
• D) office manager.

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Definitions:

Specie

Coins made from precious metal and used as a medium of exchange; distinct from paper currency.

Panic of 1837

A financial crisis in the United States that led to a major recession lasting until the mid-1840s, triggered by a speculative fever and failure of banks.

Alexis de Tocqueville

A French political thinker and historian best known for his works "Democracy in America," examining the democratic revolution that he believed had been occurring over the previous several hundred years.

American Freedom

The ideal of liberty and rights that defines the ethos and foundational principles of the United States.