Which of these entities is least likely to have users dependent on general purpose financial statements?
A) An international company operating in the Asia-Pacific region.
B) A company with a large number of shareholders.
C) A company listed on the stock exchange.
D) A small company whose shareholders also run the business.

Question

Quizplus · Accepted Answer

A small company whose shareholders also run the business is least likely to have users dependent on general purpose financial statements as the shareholders are closely involved and have direct access to the company's financial information. The other choices involve more external stakeholders who may rely on general purpose financial statements to make decisions about the company.

Which of These Entities Is Least Likely to Have Users