(a) The following are users of financial statements.
______Customers ______Securities and Exchange Commission ______Internal Revenue Service ______Store manager ______Labor unions ______Suppliers ______Marketing manager ______Vice-president of finance ______Production supervisor Instructions Identify the users as being either external users or internal users. (b) The following questions could be asked by an internal user or an external user. ______Can we afford to give our employees a pay raise? ______Did the company earn a satisfactory income? ______Do we need to borrow in the near future? ______How does the company profitability compare to other companies? ______What does it cost us to manufacture each unit produced? ______Which product should we emphasize? ______Will the company be able to pay its short-term debts? Instructions Identify each of the questions as being more likely asked by an internal user or an external user.
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