ch1bank-st.docVIP

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ch1bank-st

Chapter 1—Introduction to Accounting and Business I. TRUE/FALSE T1. An example of a business stakeholder is the federal government. F2. Primary users of accounting information are accountants. T3. Accounting is thought to be the language of business because business information is communicated to stakeholders. T4. The role of accounting is to provide many different users with financial information to make economic decisions. F5. Proprietorships are owned by one owner and provide only services to their customers. T6. Large corporations such as Wal-Mart, Coca-Cola, and Nike operate a

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