Which of the following statements is incorrect? (a) The financial statements are intended only for the use

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Which of the following statements is incorrect?

(a) The financial statements are intended only for the use of shareholders and investors

(b) Employees of a business will have an interest in profitability and liquidity levels as well

(c) Banks will be averse to lending to a loss-making company even it is currently very liquid

(d) When considering granting credit facilities special-purpose financial statements may be called for

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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