External Users of Accounting Information Include All of the Following

question 173

Multiple Choice

External users of accounting information include all of the following except:

• A) Shareholders.
• B) Customers.
• C) Purchasing managers.
• D) Government regulators.
• E) Creditors.

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Definitions:

Freight Paid

The cost incurred by a company to transport goods, often recognized as an expense in the income statement.

Operating Expense

Costs associated with the day-to-day operations of a business, excluding the cost of goods sold.

Sales

The total amount of revenue generated by the selling of goods or services.

Sales Invoice

A document issued by a seller to a buyer that lists products or services provided and states the sum due for these.