______ are the backbone of capitalism and allow investors,lenders,and regulators to measure the performance of a business.

Question

Quizplus · Accepted Answer

Financial statements, such as income statements, balance sheets, and cash flow statements, provide valuable information to investors, lenders, and regulators on the financial performance of a business. They enable stakeholders to make informed decisions on whether to invest in the company, lend it money, or oversee its operations. Government policies, stock prices, and credit reports can also provide information, but financial statements are more comprehensive and reliable in measuring the health and stability of a business.

______ Are the Backbone of Capitalism and Allow Investors,lenders,and Regulators