Which of the following is the main objective of a financial statement?
A)to know the solvency
B)to know the debt capacity
C)to know the earning capacity
D)all of the above

Question

Quizplus · Accepted Answer

The main objective of a financial statement is to provide information about the financial position, performance, and changes in financial position of an entity that is useful to a wide range of users in making economic decisions. This includes knowing the solvency, debt capacity, and earning capacity of the entity.

Which of the Following Is the Main Objective of a Financial