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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

Identify four user groups normally interested in financial information about a business.

To determine

Identify four user groups normally interested in financial information about a business.

Explanation

Accounting:

Accounting is a system, or a process of collecting and organizing economic transactions, analyzing, and summarizing the transactions into reports, and communicating the relevant information to the users.

The four users normally interested in the financial information about the business are as follows:

  • Owners: the present and future owners of the company use accounting information as to know the profitability and current financial position of the company...

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