Primary users for general-purpose financial statements include
A) creditors.
B) employees.
C) investors.
D) both creditors and investors.

Question

Quizplus · Accepted Answer

The primary users for general-purpose financial statements are both creditors and investors. Creditors use financial statements to evaluate a company's creditworthiness and ability to repay loans, while investors use financial statements to make informed investment decisions. While employees may have a vested interest in a company's financial performance, they are not considered primary users of financial statements.

Primary Users for General-Purpose Financial Statements Include