Provided below is a list of important users of accounting information.Below the list are descriptions of a major need of each of the various users.Fill in the blank with the one user group that is most likely to have the need described to the right of the blank.Some user groups may be used more than once or not at all.
-The profitability of each division of the company.
A)Stockholder
B)Company management
C)Supplier
D)Banker
E)Internal Revenue Service
F)Securities and Exchange Commission
G)Labor union

Question

Quizplus · Accepted Answer

The major need of company management is to evaluate the profitability of each division of the company. A supplier would be more concerned with the company's ability to pay its bills, a banker would be interested in the company's overall financial position and creditworthiness, the Internal Revenue Service would be interested in the company's tax liabilities, the Securities and Exchange Commission would be interested in the accuracy and completeness of the company's financial disclosures, and a labor union would be interested in the company's labor costs and benefits. Although stockholders would be interested in profitability, they are not the most likely user group to have this need.

Provided Below Is a List of Important Users of Accounting