The FASB says that financial statements should provide information to help investors, creditors, and others assess the amounts, timing, and uncertainty of prospective net cash inflows to business enterprises.

Question

Quizplus · Accepted Answer

This statement is true as per the FASB's Conceptual Framework for Financial Reporting, which states that financial statements should provide information that aids users in assessing the entity's ability to generate cash flows in the future.

The FASB Says That Financial Statements Should Provide Information to Help