Who uses information from an accounting​ system?       A. ​Stockholders, investors, taxing​ authorities, government​ regulators, and other interested parties use internal reporting for investment and​ long-range planning. Managers use external reporting for planning and controlling operations and​ long-range planning.   B. Managers use internal reporting for planning and controlling​ operations, special​ decision-making, and​ long-range planning.​ Stockholders, investors, taxing​ authorities, government​ regulators, and other interested parties use external reporting.   C. ​Managers, stockholders, and taxing authorities use internal reporting for planning and controlling operations.​ Investors, government​ regulators, and other interested parties use external reporting.   D. Managers use internal reporting for planning and controlling​ operations, special​ decision-making, and​ long-range planning. Suppliers and customers use external reporting to plan for supplying product or making purchases.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter1: Accounting As A Tool For Managers
Section: Chapter Questions
Problem 1EA: Indicate whether each statement describes financial accounting or managerial accounting. The...
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Who uses information from an accounting​ system?
 
 
 
A.
​Stockholders, investors, taxing​ authorities, government​ regulators, and other interested parties use internal reporting for investment and​ long-range planning. Managers use external reporting for planning and controlling operations and​ long-range planning.
 
B.
Managers use internal reporting for planning and controlling​ operations, special​ decision-making, and​ long-range planning.​ Stockholders, investors, taxing​ authorities, government​ regulators, and other interested parties use external reporting.
 
C.
​Managers, stockholders, and taxing authorities use internal reporting for planning and controlling operations.​ Investors, government​ regulators, and other interested parties use external reporting.
 
D.
Managers use internal reporting for planning and controlling​ operations, special​ decision-making, and​ long-range planning. Suppliers and customers use external reporting to plan for supplying product or making purchases.
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