Explain the statement of the vice president


Response to the following problem:

The following statement was made by the vice president of finance of Electro Inc.:

"The managers of a company should use the same information as the shareholders of the firm. When managers use the same information in guiding their internal operations as shareholders use in evaluating their investments, the managers will be aligned with the stockholders' profit objectives."

Respond to the vice president's statement.

 

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Financial Accounting: Explain the statement of the vice president
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