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<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>
d
D
In either monetary or nonmonetary terms, depending upon the need of the decision maker.
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...
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.
The Answer D
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.
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.
FINANCIAL STATEMENTS ARE MAINLY PREPARED FOR EXTERNAL USERS FOR INVESTOR AND BANKESRS TO GET THE KNOWLEDGE ABOUT THE WORTH OF THE COMPANY
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
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.
