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Financial statements are prepared: >?

<p>  <img style="float:left;" src="http://highered.mheducation.com/olcweb/styles/shared/spacer.gif" alt="" width="40" height="1" /><strong>A)</strong><img style="float:left;" src="http://highered.mheducation.com/olcweb/styles/shared/spacer.gif" alt="" width="10" height="1" /> Only for publicly owned business organizations.</p> <p>  <img style="float:left;" src="http://highered.mheducation.com/olcweb/styles/shared/spacer.gif" alt="" width="40" height="1" /><strong>B)</strong><img style="float:left;" src="http://highered.mheducation.com/olcweb/styles/shared/spacer.gif" alt="" width="10" height="1" /> For corporations, but not for sole proprietorships or partnerships.</p> <p>  <img style="float:left;" src="http://highered.mheducation.com/olcweb/styles/shared/spacer.gif" alt="" width="40" height="1" /><strong>C)</strong><img style="float:left;" src="http://highered.mheducation.com/olcweb/styles/shared/spacer.gif" alt="" width="10" height="1" /> Primarily for the benefit of persons outside of the business organization.</p> <p>  <img style="float:left;" src="http://highered.mheducation.com/olcweb/styles/shared/spacer.gif" alt="" width="40" height="1" /><strong>D)</strong><img style="float:left;" src="http://highered.mheducation.com/olcweb/styles/shared/spacer.gif" alt="" width="10" height="1" /> In either monetary or nonmonetary terms, depending upon the need of the decision maker. <img style="float:left;" src="http://highered.mheducation.com/olcweb/styles/shared/spacer.gif" alt="" width="1" height="10" /></p>

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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/10/22
Ahmad Alzaghal
by Ahmad Alzaghal , accountant ( Bills auditor ) , The Coca Cola Bottling Co. Of Jordan

Sara Khan
by Sara Khan , financial and admin assistant , Ministry Of Defence

D

Rahmat Ullah Khan
by Rahmat Ullah Khan , Administrative Asst , Trojan Holding

In either monetary or nonmonetary terms, depending upon the need of the decision maker.

Mudassar Aziz
by Mudassar Aziz , Finance officer , HBL Pakistan

Financial statements are prepared for the investers of the firm and for those who are interested in investment in the firm and also for the purpose of the audit...

OWAIS QAZI
by OWAIS QAZI , Accounts & Finance Manager , Skyhigh Industries (Pvt) Ltd.

Financial Statements are prepared in order to get the true picture and position of a business entity in terms of monetary. It's prepared for stack holders of the business whether internal or external. And it helps in business financial forecasting, budgeting and offcourse decision making.

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

The Answer D

Malik Khalid Mahmood
by Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

D, in these days, even the house keeper is looking for the financial statements to be finalized and their wwp to be disbursed.  Its for every one.

Uzair Ilyas Razzaqui - ACPA
by Uzair Ilyas Razzaqui - ACPA , Deputy Manager Internal Audit , International Steels Limited

Financial Statements are prepared for both internal and external usage. It is compulsory for all public limited companies as they have stake holders, but for sole proprietors it is optional.

MUHAMMAD GAUHER ALI
by MUHAMMAD GAUHER ALI , ASSISTANT MANAGER ACCOUNTS , M.A.J.FOOD DISTRIBUTION EST.(GANDOUR)

FINANCIAL STATEMENTS ARE MAINLY PREPARED FOR EXTERNAL USERS FOR INVESTOR AND BANKESRS TO GET THE KNOWLEDGE ABOUT THE WORTH OF THE COMPANY

Deleted user
by Deleted user

Financial Statements are mainly for Evaluating the Company Financial Position(Internal Use), as well as Wining the Stakeholders trust  (External Use). 

the Options Given represent only One Aspect i.e for Public Interest

ANVER SHAHAS KV
by ANVER SHAHAS KV , Group Accountant , Coolwell AC

Financial statements are prepared irrespective of nature or type of organizations. Because It helps a great deal in understanding current financial position of an organization and serves as a key input for all future management decisions. Anyhow it is not compulsory for all organizations to prepare their financial statements while it is compulsory for some specific  kinds of organization who has to undergo statutory external audit.

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