Question : ----------- is interested in ensuring proper assessment of tax liabilities of the enterprise as per the laws in force from time to time.
Option 1: Creditors
Option 2: Management
Option 3: Tax authorities
Option 4: All of the above
Correct Answer: Tax authorities
Solution : Answer = Tax authorities
Tax authorities are eager to examine the financial accounts in order to learn more about the company's performance and to get a variety of taxes. Hence, the correct option is 3.
Question : --------------------invest their savings in the enterprise.
Option 3: Shareholder and owners
Question : Which of the following are included in Non - current liabilities?
Option 1: Long-term Borrowings
Option 2: Deferred Tax Liabilities (Net)
Option 3: Other Long-term Liabilities
Question : Which party is interested to know the short-term solvency position of a firm, i.e., the ability to meet its short-term liabilities?
Option 4: None of the above
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