Which of the following statements regarding external users is true?
A)Shareholders and creditors are the only people who need accounting information.
B)Canada Revenue Agency is the primary external user of financial information.
C)External users of accounting information include the managers who plan, organize, and run a business.
D)The information needs and questions of external users vary considerably.

Question

Quizplus · Accepted Answer

External users, such as investors, creditors, and regulatory agencies, have diverse information needs and questions based on their specific interests and purposes.

Which of the Following Statements Regarding External Users Is True