91% found this document useful (11 votes) 16K views 35 pages © Attribution Non-Commercial (BY-NC) DOCX, PDF, TXT or read online from Scribd Share this documentDid you find this document useful?91% found this document useful (11 votes) 16K views35 pages CHAPTER 1-Framework AccountingYou're Reading a Free Preview You're Reading a Free Preview You're
Reading a Free Preview 24. They are interested in information that enables them to determine whether their loans, and theinterest attaching to them, will be paid when due.a. investorsb. lendersc.suppliersd. public 25. They are interested in information that enables them to determine whether amounts owing to themwill be paid when due.They are likely to be interested in an entity over a shorter period than lendersunless they are dependent upon the continuation of the entity as a major customer. Get answer to your question and much more 26. These users are interested in the allocation of resources and activities of enterprises, and thereforerequire information to regulate the activities of enterprises, determine taxation policies and as a basisfor national income and similar statistics. Get answer to your question and much more 27. Which of the following statement users will use financial information to anticipate price changes, seekalternative sources of supply, and assess ability of enterprise to operate as a going concern? Get answer to your question and much more 28. Which users need financial information to enable them to assess the ability of the enterprise toprovide remuneration and retirement benefits and employment opportunities?a. Employeesb.Government and its agenciesc.Customersd. Investors 21.These users are interested in information about thecontinuance of an entity, especially when they have along-term involvement with or are dependent on theentity.a.Customersb.Employeesc.Trade unionsd.Supplies 22.These users are interested in information in order toregulate the activities of an entity, determine taxationpolicies and provide a basis for national statistics. Get answer to your question and much more
23.These users need information on trends and recentdevelopments where an entity makes a substantialcontribution to the local economy providingemployment and using local suppliers.
Get answer to your question and much more 24.The overall objective of financial reporting is toprovide information Get answer to your question and much more 25.The primary focus of financial reporting has been onmeeting the needs of which of the following groups?a.Managementb.Existing and potential investors, lenders and othercreditorsc.National taxing authoritiesd.Independent CPAs 26.The primary objective of financial reporting is toprovide useful information to Get answer to your question and much more 27.Which is an objective of financial reporting? Get answer to your question and much more FAR3MC: CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTINGPage2of3 Which users are interested in information that enables them to assess whether their loans will be paid to them when due?(c) Lenders. Lenders are interested in information which enables them to determine whether their loans, and the interest attaching to them, will be paid when due.
Have an interest in information about the continuance of an entity especially when they have long term involvement with or are dependent on that entity?These users are interested in information about the continuance of an entity when they have a long-term involvement with or are dependent on the entity. These users are interested in information in order to regulate the activities of an entity, determine taxation policies and provide a basis for national statistics.
Who are the users of financial statements and what are their information needs?The financial statements are used by investors, market analysts, and creditors to evaluate a company's financial health and earnings potential. The three major financial statement reports are the balance sheet, income statement, and statement of cash flows.
Who are the primary users of financial information?Primary users of the financial statements are considered existing and potential investors, creditors, and lenders. Primary users obtain financial statement information and allow them to understand the overall health of the company such as its net cash flow status etc.
|
These users are interested in information in order to regulate the activities of an entity
zusammenhängende Posts
Urheberrechte © © 2024 nguoilontuoi Inc.
