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 exact amount of profit on each product 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

Company management is most likely to have the need for knowing the exact amount of profit on each product, as this information can help them make decisions about which products to continue producing and which ones to discontinue. Stockholders may also be interested in this information, but their primary concern is usually the overall profitability of the company, rather than the profitability of individual products. Suppliers, bankers, the IRS, SEC, and labor unions are unlikely to have a need for this specific information.

Provided Below Is a List of Important Users of Accounting