Examlex
As users of the financial statements, suppliers would least consider which of the following aspects of the financial statements?
Liabilities
Financial obligations or debts owed by a company to others, which must be settled over time by transferring economic benefits.
Expenses
The costs incurred in the process of generating revenue, such as rent, utilities, and salaries.
Revenues
The income generated from normal business operations and includes discounts and deductions for returned merchandise. It serves as the starting point for determining net income.
Total Liabilities
The cumulative amount of all debts and financial obligations a company owes to outside parties.
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