General-purpose financial statements report financial information relevant to:
A) investors only.
B) creditors only.
C) government users only.
D) investors, creditors and government users.

Question

Quizplus · Accepted Answer

General-purpose financial statements are intended to provide financial information that is relevant to a wide range of users, including investors, creditors, and government agencies. These statements typically include a balance sheet, income statement, statement of cash flows, and notes to the financial statements. The purpose of these statements is to provide a comprehensive overview of a company's financial performance and position that can be used by various stakeholders to make informed decisions.

General-Purpose Financial Statements Report Financial Information Relevant To