Which of the following are likely to be users of financial accounting information?

Question

Quizplus · Accepted Answer

Taxing authorities, potential investors, and creditors are all examples of external users who are likely to use financial accounting information. Taxing authorities need financial information to ensure compliance with tax regulations, potential investors use financial information to make investment decisions, and creditors use financial information to assess credit risk and determine whether to lend money to the company.

Which of the Following Are Likely to Be Users of Financial