Asked by Blade McKee on May 10, 2024
Verified
Financial reports are used by
A) management
B) creditors
C) investors
D) All of these choices
Financial Reports
Documents that provide an overview of the financial condition and operations of a company, including balance sheets, income statements, and more.
Creditors
Individuals or institutions that lend money or extend credit to others, with the expectation of being repaid, often with interest.
Investors
Individuals or entities that commit capital to businesses with the expectation of financial returns.
- Differentiate between the needs of internal and external stakeholders regarding accounting information.
Verified Answer
Learning Objectives
- Differentiate between the needs of internal and external stakeholders regarding accounting information.
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