Which of the Following Groups Is Not Among the External

question 66

Multiple Choice

Which of the following groups is not among the external users for whom financial statements are prepared?

• A)Customers.
• B)Suppliers.
• C)Employees.
• D)All of the above are external users of financial statements.

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Definitions:

Fixed Component

A portion of a cost that remains constant regardless of the level of production or sales volume, such as rent, salaries, and insurance.

Mixed Cost

A cost composed of a fixed and variable component, changing with the level of activity but also containing a constant element.

Escrows Completed

Typically, the term "escrow" refers to a financial arrangement where a third party holds and regulates the payment of funds required for two parties involved in a given transaction. "Escrows Completed" could refer to transactions that have successfully met their conditions and been finalized, although this is not a standard accounting or financial term.

Variable Cost

Costs that vary directly with the level of production or output.