Author Question: Describe any three users of a firm's accounting information.[br][br][b][color=green]Question ... (Read 48 times)

roselinechinyere27m · **on:** Jul 14, 2018

Describe any three users of a firm's accounting information.

Question 2

A technique used to gather enough stockholder votes to control a targeted company is a
A) tender offer.
B) stockholder fight.
C) proxy fight.
D) porcupine fight.
E) poison pill.

itsakadoozi · **Reply #1 on:** Jul 14, 2018

Answer to Question 1

Key users of accounting information include:
Managers: Marketing managers, for instance, need information about sales in various regions and for various product lines. Financial managers need up-to-date facts about debt, cash, inventory, and capital.

Stockholders: As owners of a company, most stockholders have a keen interest in its financial performance, especially as indicated by the firm's financial statements.

Employees: Strong financial performance would help employees make their case for nice pay raises and hefty bonuses. But if earnings drop-especially multiple times-layoffs might be in the offing, many employees might decide to polish their rsums.

Answer to Question 2

C