Different users of financial statements (investors,creditors,tax authorities,etc.)all focus on the same parts of the financial statements for the information they need.

Question

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Different users of financial statements have specific information needs that may not necessarily overlap. For example, investors may be more focused on the company's profitability and future growth prospects, while creditors may be more interested in the company's ability to repay debt. Tax authorities may be seeking information on the company's tax liabilities. Therefore, different users may focus on different parts of the financial statements based on their specific needs.

Different Users of Financial Statements (Investors,creditors,tax Authorities,etc