Problem

Users of Accounting Information and Their Needs

Listed below are a number of the important users of accounting information. Following the list are descriptions of a major need of each of these various users. Fill in each blank
with the one user group that is most likely to have the need described.

Step-by-step solution

1. Step 1 of 4
Users of accounting information and their needs
Comment

2. Step 2 of 4
 Accounting Information:
A system that helps the organization to identify the resources available in the organization, revenues, debts, and expenses is termed as accounting information.
This helps both internal and external users of the business.
Comment

3. Step 3 of 4
Now, find out the user groups of accounting information;
Comment

4. Step 4 of 4

Needs information about User groups

The profitability of each division in the company Company management

The prospects for future dividend payments Stockholder

The profitability of the company since the last contract with the workforce was signed Labor union

The financial status of a company issuing securities to the public for the first time Securities and Exchange Commission

The prospects that a company will be able to meet its interest payments on time Banker

The prospects that a company will be able to pay for its purchases on time Supplier

The company’s profitability based on the tax code Internal Revenue Service

5.