Which of the following is NOT normally an objective of financial reporting?
A) To provide information about an entity's assets and claims against those assets
B) To provide information that is useful in assessing an entity's sources and uses of cash
C) To provide information that is useful in lending and investing decisions
D) To provide information about an entity's liquidation value

Question

Quizplus · Accepted Answer

While financial reporting does provide information about an entity's assets and claims against those assets, sources and uses of cash, and is useful in lending and investing decisions, it is not typically focused on providing information about an entity's liquidation value.

Which of the Following Is NOT Normally an Objective of Financial