Identify at least four different types of financial statement users and discuss why each would use the financial statements.

Business

1 answer:

GarryVolchara [31]2 years ago

8 0

Answer:

Government authorities :

They will use the financing statement to ensure the fairness of the business and to receive proper amount of tax.

Investors :

Current or potential investors would check financial statements to ensure they will suitable returns after investment.

Creditors :

They will check financial statements to make sure they get their due money back.

Employees :

The employees will ask for bonus if the company performance in statements is good,

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