An external party receives information about past performance from
A)planning reports.
B)budget reports.
C)financial statements.
D)internal managerial accounting reports.

Question

Quizplus · Accepted Answer

Financial statements are the primary means by which external parties, such as creditors, investors, and regulatory agencies, receive information about the past performance of an entity. Planning reports and budget reports are usually used by internal parties to make future decisions, while internal managerial accounting reports are not typically shared with external parties.

An External Party Receives Information About Past Performance from