To meet the stated objective of general purpose financial reporting,a set of financial statements must contain information about an entity's:

I II III IV
Assets and liabilities Yes Yes Yes Yes
Income and expenses Yes Yes Yes No
Equity & changes in equity Yes Yes No No
Cash flows No Yes No Yes

Question

To meet the stated objective of general purpose financial reporting,a set of financial statements must contain information about an entity's:

I II III IV
Assets and liabilities Yes Yes Yes Yes
Income and expenses Yes Yes Yes No
Equity & changes in equity Yes Yes No No
Cash flows No Yes No Yes

Quizplus · Accepted Answer

The Answer of To meet the stated objective of general purpose financial reporting,a set of financial statements must contain information about an entity's:

I II III IV
Assets and liabilities Yes Yes Yes Yes
Income and expenses Yes Yes Yes No
Equity & changes in equity Yes Yes No No
Cash flows No Yes No Yes

To Meet the Stated Objective of General Purpose Financial Reporting,a