Olga owns a business and is reviewing her company's current financial statements.As a user of accounting information,Olga is most interested in using this information to ________.
A)evaluate credit risk
B)approve new issues of stocks and bonds
C)plan and control
D)evaluate tax liabilities

Question

Quizplus · Accepted Answer

Planning and control are the key objectives of reviewing financial statements, as they help business owners like Olga to make informed decisions regarding the allocation of resources, expenses, and revenue generation to achieve their long-term goals. While evaluating credit risk, approving new issues of stocks and bonds, and evaluating tax liabilities are important aspects of financial management, they are not the primary objectives of reviewing financial statements.

Olga Owns a Business and Is Reviewing Her Company's Current