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Unformatted text preview: Sole Proprietorship F. BioProducts does not pay income taxes and has one owner. Sole Proprietorship G. Tampa Biz pays its own income taxes and has two owners. Partnership EXERCISE 1-4 Much of accounting is directed at servicing the information needs of those users that are external to an organization. Identify at least three external users of accounting information and indicate two questions they might seek to answer through their use of accounting information. Three external users: Shareholders (investors), lenders, and suppliers. Are they able to repay what was bought or borrowed? What is their credit score?...
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- Spring '10