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Which is an example of an external financial statement user

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Reference no: EM132764877

Problem 1: Which of the following is an example of an external financial statement user?

a- Lenders from unrelated parties other than the bank.

b- The bank such as TD, CIBC or RBC in Canada.

c- All of the examples provided in the other alternatives are correct

d- Potential investors including individuals and corporate investors.

e- Tax authorities such as the CRA in Canada.

Problem 2: Which of these transactions of Corley Limited is not a use of cash?

a- None of the others alternatives are correct

b- Long-term debt was issued

c- Purchased a tract of land

d- Reacquired some of the company's common shares

e- Paid dividends to shareholders

Reference no: EM132764877

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