Which of the following types of information is not a focus of the primary objective of financial reporting?
A) information that helps a banker decide to provide a loan
B) information that helps a manager assess the efficiency and effectiveness of operations
C) information that helps a creditor evaluate the amount and timing of cash flows of its customers
D) information that helps an investor form an opinion about a company's future cash flows

Question

Quizplus · Accepted Answer

The primary objective of financial reporting is to provide information useful to investors, creditors, and others in making decisions about providing resources to the entity, not to assess operational efficiency.

Which of the Following Types of Information Is Not a Focus