Information contained in external financial reports can be useful to a firm's: Suppliers Employees
A) No No
B) No Yes
C) Yes No
D) Yes Yes

Question

Quizplus · Accepted Answer

External financial reports provide valuable information for both suppliers and employees. Suppliers use this information to assess the financial health and creditworthiness of a firm, which can influence their decisions on terms of trade and credit. Employees might use this information to gauge job security and prospects for wage increases or bonuses.

Information Contained in External Financial Reports Can Be Useful to a Firm's