Exercise 1-2 Users of Accounting Information and Their Needs Listed below are a number of the important users of accounting information. Following the list are descriptions of a major need of each of these various users. Fill in each blank with the one user group that is most likely to have the need described. Company management Stockholder Securities and Exchange Commission Internal Revenue Service User Group Banker Supplier Labor union Needs Information About 1. The profitability of each division in the company 2. The prospects for future dividend payments 3. The profitability of the company since the last contract with the workforce was signed 4. The financial status of a company issuing securities to the public for the first time 5. The prospects that a company will be able to meet its interest payments on time 6. The prospects that a company will be able to pay for its purchases on time 7. The company's profitability based on the tax code

Exercise 1-2 Users of Accounting Information and Their Needs Listed below are a number of the important users of accounting information. Following the list are descriptions of a major need of each of these various users. Fill in each blank with the one user group that is most likely to have the need described. Company management Stockholder Securities and Exchange Commission Internal Revenue Service User Group Banker Supplier Labor union Needs Information About 1. The profitability of each division in the company 2. The prospects for future dividend payments 3. The profitability of the company since the last contract with the workforce was signed 4. The financial status of a company issuing securities to the public for the first time 5. The prospects that a company will be able to meet its interest payments on time 6. The prospects that a company will be able to pay for its purchases on time 7. The company's profitability based on the tax code

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter1: Accounting As A Form Of Communication

Section: Chapter Questions

Problem 1.2E

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