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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
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Phoniex University
Oct-2001 - Nov-2016
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                                                Banker
Stockholder                                                                      Supplier
Securities and Exchange Commission                   Labor union Internal Revenue Service
User Group                                                         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
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