De Guzman, Tres Gian De Guzman 1A-16 CFAS

1. Which among the following is an indirect user of accounting information? A. management of the enterprise B. taxing authority C. regulatory agency D. lenders of the enterprise 2. Financial Accounting is concerned with A. recording financial transactions B. summarizing and presenting financial information on financial reports C. analyzing the financial reports D. all of these 3. Which of the following is an internal user of a company’s financial information? A. Board of Directors B. Long-term creditors of an enterprise C. Shareholders of the company D. Regulatory agencies 4. Which of the following is considered a direct user of accounting information? A. A regulatory agency B. Trade association C. Taxing authority D. Labor unions