The Primary Users of External Financial Reports, as Identified by the GASB

question 23

Multiple Choice

The primary users of external financial reports, as identified by the GASB, include all of the following except

• A) Investors and creditors.
• B) Other governments.
• C) Citizens.
• D) Legislative and oversight bodies.

---

Definitions:

Merger

The combination of two or more companies into one, with the goal of increasing market share or efficiency.

Acquisition

The purchase of one organization by another.

Formal Control

Structured procedures and mechanisms used by organizations to direct, monitor, and evaluate the behaviors and outputs of employees.

Distribution

The process or activity by which goods or services are spread or allocated across different areas or among various people.