In preparing financial statements, accountants should consider all of the following except:
A) The objectives of financial reporting.
B) The characteristics that make accounting information useful.
C) The most useful way to display the information found on the financial statements.
D) The presentation of the value of a company.

Question

Quizplus · Accepted Answer

In preparing financial statements, accountants should consider the objectives of financial reporting, the characteristics that make accounting information useful, and the most useful way to display the information found on the financial statements. However, the presentation of the value of a company is not necessarily a primary consideration in the preparation of financial statements.

In Preparing Financial Statements, Accountants Should Consider All of the Following