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Stakeholders are less likely to include which of the following groups?A. ownersB. employeesC. community leadersD. competitors
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Chapter 2
Introduction to Financial Statements
Section 1
Describe the Income Statement, Statement of Owner’s Equity, Balance Sheet, and Statement of Cash Flows, and How They Interrelate
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Okay, So, legs understand the current solution. But before moving to these solutions vehicle right, the definitional story. Hold up. OK, sorted by that ve vill nor the momentum's from the definition to get up clear. Meaning off stakeholder. Okay, it refers to a person. Oh, any legal entity that is holding any die off financial interest in the particular business anchor T. Okay, so we have gesture. Dundar would main definition. No, well, indistinct the important terms. So first of all, a stakeholder, maybe a person like an individual, Just you and me or any type of legal entity. Legal entity means maybe apartment, she phone sole proprietorship of company. Okay, that that will be into ridden an illegal entity. So that company are any day post person. Okay, that is swirling. Any diaper financial interest? Okay, any table financial interest, it may happen that stakeholder has invested in a company, okay, a person as investor in the company, So it will be a stakeholder for that company, Or maybe a partnership has invested are given loan to a company. So a partner she phone will also be considered at the stakeholder for that company. So any table financial interest, okay? Rather borrowing, selling goods, purchasing goods, Any type of financial interest. Okay. For a particular business entity. Okay. No, we will. Vivian Cherie, that what type of stakeholder they will be in general guesses. Okay. The foremost the foremost stakeholder. As we, as we really know who is the foremost stakeholder will be owner. Okay? The owner, The owner has initial initial willingness to start the business. Okay, So obviously, he will have investor the amount of money in the business running the business, expanding the business, OK, running their daily life off the business. The foremost stakeholder will be an owner. The 2nd 1 or group of persons will be employees that will be working in the organization. So employees will be curious to know that whether this celery of current but as well as next month will be paid or not. Okay. So employees are also holding the financial interest in the company. So employees will also be considered at stake. Then it comes to greater great. That means a person who has given advance or who has given raw materials do the company on 100 basis, like the amount has to be paid to the creditor by the business entity. Okay, So great that alone So have but until interest in the company that whether the amount will be paid or not forward, bad act There is a food option also in the ocean, which is known as competitors. A competitor will never have any type of financial interest in the company. Okay? Competitors will always focus on competing with their competitors. Like like to suppose, in a business and industry, there are five times a company, so everyone will be competing with each other in terms of human resources in terms off technology resources in terms off, purchasing raw material, EG afford lowest cost. Okay, so these type off matters will be considered in in between the competitors. However, a competitors will never be a stakeholder. I will never, ever be a stable. So we have derived our choice for the current problem. As for the Decca nation as well as the discussion in the second sheet, so the correct choices be okay by a computer will never, ever have any type of steak holding in any business entity. Okay, so you can know down both first and as well a second shooter for your notebooks. But other conclusive on series, the okay, choice t So that's all for the solution. Thank you.
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