ECONOMICS

Detailed explanation-1: -The management reports are not issued for the stockholders of the company as they are the external users of the financial statements.

Detailed explanation-2: -Answer and Explanation: Customers are the least likely to be a user of business’s financial information.

Detailed explanation-3: -Financial accounting provides information to enable stockholders, creditors, and other stakeholders to make informed decisions. This information can be used to evaluate and make decisions for an individual company or to compare two or more companies.

Detailed explanation-4: -Managerial accounting. focuses on internal users-executives, product managers, sales managers, and any other personnel within the organization who use accounting information to make important decisions.

Detailed explanation-5: -The finance department uses the financial information produced by management accounting to make decisions about where to allocate the company’s resources.