There are several fundamental purposes decision makers consider when they use financial data.Which of the following statements is not one of those fundamental purposes?
A)Measurement of the current condition of the business.
B)Measurement of past performance of the business.
C)Measurement of the book value of the assets.
D)Prediction of future potential of the business.

Question

Quizplus · Accepted Answer

The book value is reported and doesn't need to be measured.

There Are Several Fundamental Purposes Decision Makers Consider When They