The Framework for the Preparation and Presentation of Financial Statements identified seven user groups: investors, employees, lenders,

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The Framework for the Preparation and Presentation of Financial Statements identified seven user groups: investors, employees, lenders, suppliers and other trade creditors, customers, government and the public.

Discuss which of the financial statements illustrated in Chapters I and 2 would be most useful to each of these seven groups if they could only receive one statement.LO2-4

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Financial Accounting And Reporting

ISBN: 9780273703648

10th Edition

Authors: Mr Barry Elliott, Jamie Elliott

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