Which of the Following Statements Is True Concerning External Users

question 75

Multiple Choice

Which of the following statements is true concerning external users of financial information?

• A)External users need detailed records of the business to make informed decisions.
• B)External users are primarily responsible for the preparation of financial statements.
• C)External users rely on the financial statements to help make informed decisions.
• D)External users rely on management to tell them whether the company is a good investment.

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Definitions:

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