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Social Science Clinic => Business => Topic started by: beccaep on Sep 5, 2019

Title: The internal financial reports provided by controllers are primarily used by all of the following ...
Post by: beccaep on Sep 5, 2019

Question 1

Hoffman Electronics is a U.S. company. Which balance sheet format is most likely used by Hoffman?
◦ assets + liabilities = reserves
◦ assets = liabilities + shareholders' equity
◦ current assets - current liabilities = fixed assets - noncurrent liabilities = capital and reserves
◦ noncurrent assets + current assets - current liabilities - noncurrent liabilities = shareholders' equity

Question 2

The internal financial reports provided by controllers are primarily used by all of the following EXCEPT ________.
◦ creditors
◦ lenders
◦ customers
◦ investors

Title: The internal financial reports provided by controllers are primarily used by all of the following ...
Post by: gcook on Sep 5, 2019

Answer 1

assets = liabilities + shareholders' equity

Answer 2

customers