Provided below is a list of important users of accounting information.Below the list are descriptions of a major need of each of the various users.Fill in the blank with the one user group that is most likely to have the need described to the right of the blank.Some user groups may be used more than once or not at all.
-The financial status of a company issuing securities to the public for the first time.
A)Stockholder
B)Company management
C)Supplier
D)Banker
E)Internal Revenue Service
F)Securities and Exchange Commission
G)Labor union

Question

Quizplus · Accepted Answer

The Securities and Exchange Commission (SEC) is responsible for regulating securities offerings in the US, including the initial public offerings (IPOs). They require companies to provide detailed financial information to potential investors before they can issue securities to the public. Therefore, the SEC would require the financial status of the company issuing securities to the public for the first time.

Provided Below Is a List of Important Users of Accounting