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Author Question: Which of the following best describes why firms produce financial statements? (Read 48 times)

Pineapplelove6

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Which of the following best describes why firms produce financial statements?
◦ to provide interested parties, both inside and outside the company, with an overview of the short and long term financial condition of a business
◦ to provide a means of enticing new investors to a firm
◦ to show what activities the company has undertaken in the previous financial year, and what activities are planned for the near future
◦ to use as a tool when planning future investments within the firm


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Marked as best answer by Pineapplelove6 on Jul 9, 2019

izzat

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Pineapplelove6

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Reply 2 on: Jul 9, 2019
YES! Correct, THANKS for helping me on my review


laurnthompson

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Reply 3 on: Yesterday
Excellent

 

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