It is important for the user to understand the financial statements in order to make an informed decision.A user must generally do all of the following except:
A)If a lender, will generally use unconsolidated statements.
B)All users must be able to evaluate risks.
C)If an equity investor, will generally use consolidated statements.
D)All of these choices are correct.

Question

Quizplus · Accepted Answer

The statement "All of these choices are correct" is incorrect because option A is not generally true; lenders often use consolidated statements to get a complete picture of a company's financial health.

It Is Important for the User to Understand the Financial