Identify which of the following are considered OUTSIDE users of financial accounting information.
A)managers
B)banks
C)employees
D)owners

Question

Quizplus · Accepted Answer

Banks are considered outside users of financial accounting information because they are not directly involved in managing or owning the business. They use financial statements to evaluate the creditworthiness and financial standing of the business. Managers, employees, and owners are considered inside users because they are directly involved in the operations and management of the business.

Identify Which of the Following Are Considered OUTSIDE Users of Financial