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- 1 Marks
Question
Which of the following users is NOT likely to be interested in the financial statements of a sole trader and a partnership business?
A. Employees and proprietors of the business
B. The stock exchange and shareholders
C. Auditors and financial analysts
D. Banks and insurance companies
E. The government and tax authorities
Answer
B. The stock exchange and shareholders
Explanation:
Sole traders and partnership businesses do not have shares traded on the stock exchange, and therefore the stock exchange and shareholders are not likely to be interested in their financial statements. The other users are stakeholders in these businesses.
- Tags: Financial Statements, Partnership, Sole Trader, Users
- Level: Level 1
- Topic: Users of Accounting Information and Their Needs
- Series: MAR/JULY 2020
- Uploader: Theophilus