Question: 1. A crucial question brought up in this chapter concerns the issue of whether the admittedly heterogeneous users of financial statements have highly diverse information needs in terms of their underlying objectives. State as carefully as you can
(1) why the user groups have largely diverse information needs, and
(2) why the user groups may have relatively similar information needs..
2. Using the different valuation methods discussed, what possible different user preferences. do you see among the various user groups?