Question

In: Accounting

Why do internal users need financial data. 1. to make business decisions and compare business performance...

Why do internal users need financial data. 1. to make business decisions and compare business performance with previous years 2. to invest in the business stocks 3. to invest in stocks and make business decisions 4. to analyze the risk involved in lending money to the business 5. to understand the risk involved in lending resources to the business

Solutions

Expert Solution

The answer is option 1

Internal users need financial data to make business decisions and compare business performance with previous years.

External users need finance data to invest in stocks and analyzing the risks involved in lending money or resources to any business thus option 2, 3, 4 & 5 are incorrect.


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