Which of the following statements is not correct? Select your answer. Different users have different objectives and priorities in analyzing financial statements. The ability of an entity to pay its...

Extracted text: Which of the following statements is not correct? Select your answer. Different users have different objectives and priorities in analyzing financial statements. The ability of an entity to pay its currently maturing obligation is the concern of short-term creditors. Long-term creditors are more concerned with the solvency of a business entity. The financial statements are called general-purpose financial statements because different users have common needs and objectives in analyzing financial statements.