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Who are some of the basic uses of financial statements, and how do they use them?

Who are some of the basic uses of financial statements, and how do they use them?
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some of the basic uses of financial statements :-

Lenders - They will use the financial statement to know the financial stability to pay off borrowed funds to creditors along with interests

Investors - Potential investors will see the past performace of a company by seeing financial statements of preceeding years to make a decision whether to invest or not into the company

Competitors - By using financial statement, competitors can evaluate the business strategies that other company are using

Suppliers - suppliers provide extra credit limit to a company on the basis of performance of company in financial statements

Government - Government ensures that all the rules and regulations are being complied by companies and payment of taxes on due dates

Public or outsiders - Anyone from public may want to do a research on a company, for this reason financial statments will be required

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