atcments is not an objective of financial reporting? hat is useful in investment and credit decisions. about enterprise resources, claims to those liguui onternrio
atcments is not an objective of financial reporting? hat is useful in investment and credit decisions. about enterprise resources, claims to those liguui onternrio
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

Transcribed Image Text:Which of the following statcments is not an objective of financial reporting?
a. Provide information that is useful in investment and credit decisions.
b. Provide information about enterprise resources, claims to those resources, and
changes to them.
c. Provide information on the liquidation value of an enterprise.
d. Provide information that is useful in assessing cash flow prospects.
Expert Solution
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Introduction
THE OBJECTIVE OF FINANCIAL REPORTING IS TO TRACK ANALYSE AND REPORT YOUR BUSINESS INCOME . THE PURPOSE OF THESE REPORTS IS TO EXAMINE RESOURCE USAGE , CASH FLOW , BUSINESS PERFORMANCE AND FINANCIAL HEALTH OF BUSINESS .
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