Which of the following documents was the first to address the issue of user objectives extensively?
A)"Objectives of Financial Statements" (Trueblood Committee Report)
B)"Basic Concepts and Accounting Principles Underlying Financial Statements of Business Enterprises" (APB Statement 4)
C)"A Statement of Basic Accounting Theory" (ASOBAT)
D)"Statement of Accounting Theory and Theory Acceptance" (SATTA)

Question

Quizplus · Accepted Answer

The "Objectives of Financial Statements" (Trueblood Committee Report) was the first document to extensively address the issue of user objectives, setting a foundation for how financial statements should meet the needs of users.

Which of the Following Documents Was the First to Address