Answer to Question #240193 in Economics for Student sos

Question

Accounting information is used by many different stakeholders. The main use of accounting information for investors, lenders and suppliers would be to determine if they will be paid on the due date as arranged with the entity. There however also other users of accounting information. List two other users of accounting information and list one reason each why these users will be interested in the accounting information

Answer 1

Examples of internal users are owners, managers, and employees. Examples of external users are suppliers, banks, customers, investors, potential investors, and tax authorities.