Question

3. What type of information needs of users do general purpose
financial statements cater to?
common needs
c. a and b
b. specific needs
d. caring needs
a.
a.
4. Which of the following is least likely to be a decision made by
an external user of the financial information of an entity?
whether to buy, hold or sell investment in stocks
b. whether to extend loan or other forms of credit
whether to obtain additional financing
d. all of these are decisions that external users make
C.whether to obtain additional financing
D. all of these​

Answer 1

Answer:

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