Which of the following statements is incorrect? (a) The financial statements are intended only for the use
Question:
Which of the following statements is incorrect?
(a) The financial statements are intended only for the use of shareholders and investors
(b) Employees of a business will have an interest in profitability and liquidity levels as well
(c) Banks will be averse to lending to a loss-making company even it is currently very liquid
(d) When considering granting credit facilities special-purpose financial statements may be called for
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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