Financial statements are directed towards the informational needs of the following capital providers except:
A)current investors
B)potential investors
C)creditors and other lenders
D)regulators,employees,and taxing authorities

Question

Quizplus · Accepted Answer

Financial statements are primarily directed towards meeting the informational needs of capital providers who are interested in assessing the entity's ability to provide a return on their investment. Therefore, regulators, employees, and taxing authorities are not considered as capital providers, and financial statements are not primarily directed towards meeting their informational needs.

Financial Statements Are Directed Towards the Informational Needs of the Following