Users of Financial Statements

question 76

Essay

Users of financial statements.
Identify at least three types of users of financial statements. Describe their primary use of the financial statements and how the misstatement of those statements might injure the user.

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Definitions:

Retroperitoneal

Behind the peritoneum.

Duodenum

The first section of the small intestine, following the stomach, where initial absorption of nutrients occurs.

Ascending Colon

Portion of the colon between the small intestine and the right colic flexure.

Falciform Ligament

Fold of peritoneum extending to the surface of the liver from the diaphragm and anterior abdominal wall.