Question

Hich of the following would represent the least likely use of an income statement prepared for a business enterprise?

a. Use by customers to determine a company's ability to provide needed goods and
services.
b. Use by labor unions to examine earnings closely as a basis for salary discussions.
c. Use by government agencies to formulate tax and economic policy.
d. Use by investors interested in the financial position of the entity.

Answer 1

D. Use by investors interested in the financial position of the entity.

Step-by-step explanation: