The information provided by financial reporting pertains to
A) individual business enterprises, rather than to industries or an economy as a whole or to members of society as consumers.
B) business industries, rather than to individual enterprises or an economy as a whole or to members of society as consumers.
C) individual business enterprises, industries, and an economy as a whole, rather than to members of society as consumers.
D) an economy as a whole and to members of society as consumers, rather than to individual enterprises or industries.

Question

Quizplus · Accepted Answer

Financial reporting provides information specific to individual business enterprises, such as their financial performance and position, rather than broader industry or economic trends. It is not designed to provide information to members of society as consumers.

The Information Provided by Financial Reporting Pertains to