Rivera owns a business and is reviewing her company's current financial statements.As a user of accounting information,Rivera is most interested in using this information to _____.

Question

Quizplus · Accepted Answer

Planning and controlling activities within the business is a crucial aspect of running a successful enterprise. Financial statements are a valuable tool for business owners to assess their company's financial health and make informed decisions. Riveria would likely use this information to make strategic plans, set budgets, monitor expenses, and control cash flows, among other things. While evaluating credit risk, tax liabilities, and approving new issues of stocks and bonds are also important for businesses, they are not as relevant to a business owner's daily operations and decision-making as planning and controlling activities.

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