According to the FASB's Conceptual Framework, who are the primary users of external financial reports?
A) Existing and potential investors
B) Managers
C) Bankers and hedge fund managers
D) Accounting professors

Question

Quizplus · Accepted Answer

The FASB's Conceptual Framework identifies existing and potential investors as primary users of external financial reports, as these reports are crucial for making investment decisions.

According to the FASB's Conceptual Framework, Who Are the Primary