Which of the following statements regarding external users is true?
A) Shareholders and creditors are the only people who need accounting information.
B) Canada Revenue Agency is the primary external user of financial information.
C) External users of accounting information include the managers who plan, organize, and run a business.
D) The information needs and questions of external users vary considerably.

Question

Quizplus · Accepted Answer

External users of accounting information, such as investors, creditors, and regulatory agencies, have diverse needs and questions, which can vary significantly depending on their specific interests and objectives.

Which of the Following Statements Regarding External Users Is True