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