Which of the following is not an objective of financial reporting?
A)To reflect prospective cash receipts to investors and creditors.
B)To reflect prospective cash flows to an enterprise.
C)To reflect resources and claims to resources.
D)To reflect current stock prices and information concerning stock markets.

Question

Quizplus · Accepted Answer

Financial reporting is not intended to reflect current stock prices or market information. Its main objectives are to provide information about an enterprise's financial position, performance, and cash flows, as well as to help users make informed economic decisions.

Which of the Following Is Not an Objective of Financial