The main objective of the financial statements is
A) to show the profit of a company.
B) to allow customers to determine whether a company will honour its product warranties.
C) to provide useful information to investors and creditors to make decisions about a business.
D) to determine how many employees the company can afford to hire each year.

Question

Quizplus · Accepted Answer

The main objective of financial statements is to provide useful information to investors, creditors, and other stakeholders to help them make informed decisions about providing resources to the company. This includes assessing the company's financial performance, position, and cash flows.

The Main Objective of the Financial Statements Is