Which of the following would represent the least likely use of an income statement prepared for a business enterprise?
A) Use by customers to determine a company's ability to provide needed goods and services.
B) Use by labor unions to examine earnings closely as a basis for salary discussions.
C) Use by government agencies to formulate tax and economic policy.
D) Use by investors interested in the financial position of the entity.

Question

Quizplus · Accepted Answer

The Answer of Which of the following would represent the least likely use of an income statement prepared for a business enterprise?
A) Use by customers to determine a company's ability to provide needed goods and services.
B) Use by labor unions to examine earnings closely as a basis for salary discussions.
C) Use by government agencies to formulate tax and economic policy.
D) Use by investors interested in the financial position of the entity.

Which of the Following Would Represent the Least Likely Use