Vendors are all of the followings, Except:  A. Businesses are those businesses you receive services from.  B.  Individual you receive services from. C.  Government Agencies you receive Services from.  D.  Individual you provide Services to.

Q: hat are the accounting information needed by: a. Internal users b. External users

A: Accounting Information:- This is that information that is required by both external and internal…

Q: A law firm has billed their clients for services performed. They subsequently received payments from…

A: The journal entries are prepared to record the monetary transactions of the company.

Q: Define each service rendered Financial accounting service rendered Managerial accounting service…

A: Services rendered are the services that a company completes for the client or customer prior to…

Q: Internal users of accounting information include all of the following except?     (a) Store manager…

A: Internal users are the managers and employees of the business who wants check the past profits and…

Q: Identify the following questions as most likely to be asked by an internal (I) or an external (E)…

A: Auditing:   In auditing, auditors verify the correctness and fair presentation of financial…

Q: The revenue recognition model is to provide a clear and uniform structure for all businesses to…

A: The answer :

Q: Which of the following is not an external user of a business’s financial information? a. Taxing…

A: Financial information: The financial information of the company is used by many internal &…

Q: financial accounting focuses on providing information to internal users , is it true or false ?

A: Financial accounting is referred to a branch of accounting which keeps a complete record of all the…

Q: The following are users of fi nancial statements. ________Customers ________Securities and Exchange…

A:

Q: ial rep

A: Financial Reporting Servicing Whether it's production or service, there are various divisions that…

Q: What can an investor do to better understand details and accounting choices the company has made in…

A: Auditors report provides  users about  adequancy of the financial position of company. It's true and…

Q: Based upon the given financial statement, would you provide a credit line to this company? Support…

A: We are given the various ratios calculated from the income statement and the balance sheet of the…

Q: Which of the following is an example of revenue or expense to be recognized in the current period’s…

A: Income statement forms a part of financial statements and is prepared with a view to show the net…

Q: Which of the accounting controls ensure that a company's resources are used efficiently and…

A: Controls are the procedures which are designed and monitored by the management to ensure that the…

Q: Which one of the following is an example of a service business ? a. Oman Chips company b. Oman…

A: Dealing in goods means where physical hand over of any material item is there . For example , phones…

Q: Provide two examples of transactions that affect a service business. Explain b. Provide two…

A: Financial transaction: Any event incurred in the business operation and can be converted into…

Q: External users of fi nancial accounting information includeall of the following except:a. Investors.…

A: External Users:   The external users are the users of the information who are outside the…

Q: Where in its financial statements does Carnival Corporation & PLC report Prepaid Advertising? Where…

A: Adjusting entries Adjusting journal entries is the fourth process in the accounting cycle. Adjusting…

Q: 9-The users of accounting information such as investors, financiers, suppliers and government are…

A: the accounting information is helpful to various parties in making decisions such as external and…

Q: PURPOSE OF ACCOUNTING Describe the kind of information needed by the users listed.Owners (present…

A: Accounting serves the purpose of rendering the required information to different users of financial…

Q: Identify the following accounts of Advanced Services Co. as asset, liability, owner’s equity,…

A: Assets are the resources of a company which provides future cash flows and having an economic value.…

Q: The users of accounting information such as investors, financiers, suppliers and government are…

A: Accounting information such as financial statements, Notes to accounts, etc will  be used by the…

Q: Illustrate a scenario/situation/reason in which (1) the OWNER of the BEANERY and  (2) the SUPPLIER…

A: Financial reporting: Financial reporting means releasing the financial reports of the company to its…

Q: if you are a business owner, how can finantial analysis help you? (short explanation)

A: The financial analysis is process to evaluate business on the basis of finance related transactions…

Q: Which of the following professional services is an attestation engagement?(1) A consulting service…

A: Attestation engagement is an arrangement with a client where a third party investigates and…

Q: Which of the following is a business event that is not considered a recordable transaction? O A…

A: Transaction means any events which is denoted in money terms and which can be recorded in books of…

Q: Match each transaction to one of the following activities of an organization: financing activity(F),…

A: Statement of cash flows reports all the cash transactions which are responsible for inflow and…

Q: Which of the following items is considered external transactions? a. Payment of janitors’ wages b.…

A: The transactions of the company will be recorded first in the company's books which is called as…

Q: st page of the chapter. 2. Which of the following would result in the recognition of revenue? a. A…

A: Revenue : Revenue is the income generated from normal business operations. In other words it is the…

Q: What type of financial information does each of the following user groups usually seek? a)…

A: Islamic accounting:   Islamic accounting as the name suggests is used by Islamic countries. Islamic…

Q: users

A: Financial Statements Includes Income statement and Balance sheet. Income statement shows Financial…

Q: The inputs in the information system is called as a. reports b. documents c. transactions d.…

A: The accounting is a process to analyze and record the data and further prepare the financial…

Q: Financial accounting provides economic and financial information for all of the following except a.…

A: Financial accounting is the particular branch of the accounting that involves the procedure of…

Q: INSTRUCTIONS: Analyze the given scenarios and answer the following items. Answers must be justified…

A: IAS stands for International Accounting Standards are the accounting standards which are issued…

Q: Financial accounting prepares the general purpose statements profit and loss account and balance…

A: General Purpose Financial Statements: Financial statements intended for a wide range of users are…

Q: Choose A, B, C or D and explain your solution 3. External users of accounting information are: A.…

A: External users: External users are the persons who are outside the organization but make use of…

Q: Which of the following best describes an application of the entity concept?

A: The business entity concept states that the transactions associated with a business must be…

Q: The matching principle states that​ ________.   A. financial statements can be prepared for…

A: Matching Concept :  Matching principle informs a company to record expenses incurred on its income…

Q: what is sale revenue in retail industry? what is service revenue in service industry? what is…

A: Revenue represents the income generated by the entity either through business operations or through…

Q: what is the different information on the financial statement that will help you understand the…

A: In order to determine the financial position of the company, a financial statement is essential. It…