When we look at companies that generate a profit, they need funds to expand operations and they can get these funds from either prior period profits

When we look at companies that generate a profit, they need funds to expand operations and they can get these funds from either prior period profits that were not distributed, other cash from investors, or lenders. In government, the main sources are either lenders or taxpayers. Needless to say, taxpayers often want everything for $0 cost. What other differences are there between the audiences and their needs for financial reports?

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