Which of These Statements About the Objective of General Purpose

question 39

Multiple Choice

Which of these statements about the objective of general purpose financial reports (GPFRs) as contained in the IASB's Conceptual Framework is correct?

• A) The entity perspective has been adopted when defining the objectives of GPFRs.
• B) The primary users of GPFRs are seen as being a diverse group including shareholders, creditors, regulators, members of the public, etc.
• C) GPFRs will generally satisfy user's needs for information.
• D) The IASB's Conceptual Framework deliberately emphasises sustainability as an objective of GPFRs.

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Definitions:

Blood Pressure

The pressure of circulating blood on the walls of blood vessels, a vital sign indicating the health of the cardiovascular system.

Radial Pulse

The pulse felt at the wrist, on the lateral side where the radial artery runs. It is commonly used to measure heart rate.

Pulse Count

The act of measuring the number of heartbeats per minute as a means of assessing heart health.

Irregular

Deviating from the norm or standard, often used to describe something that is not consistent in pattern, arrangement, or frequency.