ii) The following categories of people are recognized as users of the information contained in financial statements:OwnersFinancial analystsLendersFor each of the above users of financial statements, identify the kind of information they may required, why they require it and the decisions they made from that information.

Users of financial information are people who read and understand financial statements and make…

Answered: users of the information

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 6MC: The standards, procedures, and principles companies must follow when preparing their financial...

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ii) The following categories of people are recognized as users of the information contained in financial statements:

Owners
Financial analysts
Lenders

For each of the above users of financial statements, identify the kind of information they may required, why they require it and the decisions they made from that information.

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