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Who relies on the financial statements (external users) and why, what are they using the statements for

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a) Who relies on the financial statements (external users) and why, what are they using the statements for?;b) What happens if an External User relies on financial statements that are inaccurate? (what could happen to the corporation);c) What negative consequences can arise from relying on inaccurate financial statements? (what could happen to the external user)

 

Paper#20930 | Written in 18-Jul-2015

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