Which statement below best describes the objectives of financial accounting?
A)Provide information that helps predict cash flows.
B)Provide information about the economic resources,claims to resources and changes in resources and claims.
C)Provide information that is useful in making decisions.
D)All of the other answers are correct.

Question

Quizplus · Accepted Answer

Financial accounting aims to provide information that helps predict cash flows, details economic resources and claims, and is useful for decision-making, thus all the statements are correct.

Which Statement Below Best Describes the Objectives of Financial Accounting