Financial Statement Data Users.
User-Group Board of directors Bondholders Corporate employees Uses of Financial Statemen t Data To decide whether to declare a dividend to shareholders T o decide whether to buy (or sell) the bonds of a given com pany
Ferris-Wallace IM Q2.1 Accounting Terminology Asset: an economic resource of a business that can be used to generate operating revenues, earnings, and cash flow. Liability: an economic claim on the assets of a business. Shareholders Equity: an ownership c