Which Group of Financial Statement Users Is Likely to Be

question 77

Multiple Choice

Which group of financial statement users is likely to be least pleased with conservatively stated income statements?

• A) Potential shareholders, seeking to buy stock cheaply
• B) Current shareholders, seeking to sell their stock
• C) Potential lenders, seeking to ensure the company can repay the loans
• D) Workers, seeking to justify demands for higher pay

---

Definitions:

Practice Standards

Agreed-upon criteria within a profession that guide and determine the appropriate levels of practice and professional responsibility.

Friend Request

A digital invitation sent through social media platforms or online games asking someone to add another as a friend or contact.