Financial reports are used by
a. management
b. creditors
c. investors
d. all are correct
Question 2
Assume that the city foreclosed on a piece of property with a fair market value of 5,000 . It has an assessed value for taxes of 4,000 . The outstanding amount of taxes and penalties due on the property totals 3,500 .
Normally, the city would value the foreclosed property at
A. 0.
B. 3,500.
C. 4,000.
D. 5,000.