Objectives of financial reporting do NOT include
A)providing information that is useful to users in making resource allocation decisions.
B)providing information about the liquidation value of an enterprise.
C)providing information about an entity's economic resources, obligations, and equity/net
Assets.
D)providing information about changes in an entity's economic resources, obligations, and
Equity/net assets.

Question

Quizplus · Accepted Answer

Financial reporting does not aim to provide information about the liquidation value of an enterprise. Its primary objectives are to provide useful information for decision-making, and insights into an entity's resources, obligations, and changes in financial position.

Objectives of Financial Reporting Do NOT Include