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A general purpose financial report means: a financial report intended to meet the information needs of shareholders only a financial report intended to meet the

  1. A general purpose financial report means:

  1. a financial report intended to meet the information needs of shareholders only
  2. a financial report intended to meet the information needs of shareholders and creditors only
  3. a financial report intended to meet the information needs of users who are unable to command the preparation of special purpose reports.
  4. a financial report intended to meet the information needs of users who are able to command the preparation of reports to satisfy all of their information needs.

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