- ratepayers
- taxpayers
- stockholders
- partners
The correct answer is:
- taxpayers
Explanation:
Government and nonprofit accounting is focused on serving the public interest. Unlike businesses that aim to generate profit for stockholders or partners, government and nonprofit organizations are dedicated to providing services to taxpayers. These organizations operate on funds provided by taxpayers and are expected to use those resources responsibly to benefit the community and the public.
Proof:
According to accounting standards for government entities (GASB), the main focus of government and nonprofit accounting is ensuring accountability for the use of public resources to serve taxpayers, rather than investors or stockholders.
