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Which of the following is false? The fundamental objective of accounting is to prepare financial statements that a wide variety of users can use to
Which of the following is false?
The fundamental objective of accounting is to prepare financial statements that a wide variety of users can use to make decisions. | ||
Internal users rely on financial statements to manage the business efficiently. | ||
External users need financial statements to ensure that their investment in the business is protected, whether they provide loans or supply products or services on credit. | ||
Internal and external users refer to people who own the business and/or work in the business. |
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