Which of the following uses accounting information to determine whether a company can pay its obligations?
A)Shareholders
B)Marketing managers
C)Creditors
D)Chief Financial Officer

Question

Quizplus · Accepted Answer

Creditors rely on accounting information such as financial statements to determine whether a company has the ability to pay its debts and obligations. They use this information to evaluate the creditworthiness of the company and make decisions about whether to extend credit or create new business relationships. Shareholders and marketing managers may also use accounting information, but their primary focus is on the performance and profitability of the company, rather than its ability to meet its financial obligations. The Chief Financial Officer is responsible for overseeing the company's financial operations and using accounting information to make strategic financial decisions.

Which of the Following Uses Accounting Information to Determine Whether