Creditors are an example of an internal user of accounting information.
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Q14: In a partnership, all of the partners
Q15: A working knowledge of accounting can be
Q16: Accounting information is used only by external
Q17: A corporation is only subject to the
Q18: In a situation with an ethical consideration,
Q20: Only the accountants should be concerned with
Q21: Liabilities are the resources owned by a
Q22: The economic entity concept requires that an
Q23: A private company is one that issues
Q24: A balance sheet reports the assets, liabilities,
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