Which of the following groups is not an intended audience for general purpose financial reporting?
A)Lenders
B)Investors
C)Customers
D)Other creditors

Question

Quizplus · Accepted Answer

General purpose financial reporting is primarily intended for the benefit of external users who rely on such information to make decisions about providing resources to an entity. Customers are typically not considered external users who rely on financial reports to make such decisions.

Which of the Following Groups Is Not an Intended Audience