Customers who want to know if a company will stay in business in the long term to honour warranties are considered ________ of accounting information. Select answer from the options below external users primary users indirect users internal users

Customers who want to know if a company will stay in business in the long term to honour warranties are considered ________ of accounting information. Select answer from the options below external users primary users indirect users internal users

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

Customers who want to know if a company will stay in business in the long term to honour warranties are considered ________ of accounting information.

Select answer from the options below

external users

primary users

indirect users

internal users

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The objective of general-purpose financial reporting is? to provide users with financial information that implies total freedom from error to provide companies with the option to select information that favors one set of interested parties over another O to provide financial information about the reporting entity that is useful to present and potential equity investors, lender and other creditors in making decisions in their capacity as capital providers to provide a metric for financial information used to determine when the boundary between two or more entities should disregarded and the entities considered to be a licensing arrangement