Question: Identify, by indicating the relevant box in the table below, whether each of the following statements is true or false. A supplier of goods on

Identify, by indicating the relevant box in the table below, whether each of the following statements is true or false.

A supplier of goods on credit is True False interested only in the statement of financial position, ie an indication of the current state of affairs.

The objective of financial True False statements is to provide information about the financial position, performance and changes in financial position of an entity that is useful to a wide range of users in making economic decisions.

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