According to gasb concepts statement no. 1, what are the three groups of primary users of external state and local governmental financial reports? the securities exchange commission, the citizenry, and legislative and oversight bodies. the securities exchange commission, legislative and oversight bodies, and investors and creditors. the securities exchange commission, the citizenry, and investors and creditors. the citizenry, legislative and oversight bodies, and investors and creditors. the citizenry, management, and the governmental accounting office

Andrew cooper decides to become a part owner of a corporation. as a part owner, he expects to receive a profit as payment because he has assumed the risk of - serious inflation eroding the purchasing power of his investment.- being paid before the suppliers and employees are paid.- losing his home, car, and life savings.- losing the money he has invested in the corporation and not receiving profits.- the company giving all of the profits to local communities

Partnerships are the most common type of business firms in the world. t/f

Atlas manufacturing produces a unique valve, and has the capacity to produce 50,000 valves annually. currently atlas produces 40,000 valves and is thinking about increasing production to 45,000 valves next year. what is the most likely behavior of total manufacturing costs and unit manufacturing costs given this change? a. total manufacturing costs will increase and unit manufacturing costs will also increase. b. total manufacturing costs will stay the same and unit manufacturing costs will stay the same. c. total manufacturing costs will increase and unit manufacturing costs will decrease. d. total manufacturing costs will increase and unit manufacturing costs will stay the same.