A company's financial statements can be used for all of the following purposes except
A)as a scorecard on the company's social responsibility.
B)as a management report card.
C)as an early warning signal.
D)as a measure of accountability.

Question

Quizplus · Accepted Answer

Financial statements are primarily used to provide information on a company's financial performance, position, and cash flows. They are not intended to serve as a scorecard on the company's social responsibility or ethical practices, although some companies may include this type of information in their annual reports or other disclosures.

A Company's Financial Statements Can Be Used for All of the Following