Accounting is often referred to as "the language of business." Why is accounting described this way? How is accounting different from bookkeeping?
10) There are several types of decision makers who use accounting information. List five of these users of accounting information and give an example of a decision each would make.
11) What are the three forms of business organizations? How do they differ?
12) There are many different stakeholders in Gildan Activewear Inc. Explain why the same information may not be suitable or appropriate for all stakeholders.
13) Gildan Activewear is a publicly owned corporation. How does it differ from a privately owned corporation?
14) What is a Nonprofit organization?
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