Users of financial reports rely on those reports to aid them in making decisions,

Required.

Determine the financial statement where the specified user would most likely find the answer to the question. Select between the income statement, balance sheet, and statement of shareholder's equity

a................................................... User: Management

Question: How did selling expense compare to that of last year?

b.................................................... User: Supplier of inventory

Question; How much does the company currently owe in accounts payable?

c................................................... User: Banker

Question; How much debt does the company have on its books?

d.................................................. User: Stockhoder

Question: How much did the company pay its dividends past year?