Which of the Following Statements Is Not an Objective of Financial

question 25

Multiple Choice

Which of the following statements is not an objective of financial reporting?

• A)Provide information that is useful to users in making resource allocation decisions.
• B)Provide information about an entity's economic resources, obligations, and equity/net assets.
• C)Provide information on the liquidation value of an enterprise.
• D)Provide information about changes in an entity's economic resources, obligations, and equity/net assets.

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Definitions:

Altruism

A selfless concern for the well-being of others, often resulting in acts of kindness or generosity without expectation of personal gain.

Agreeableness

A personality trait characterized by compassion and cooperativeness toward others, part of the Big Five personality model.

Typological Approach

A method in psychology that classifies individuals into distinct types or categories based on specific attributes or traits.

Trait Approach

A theoretical framework in psychology that focuses on identifying, describing, and measuring individual differences in behavioral predispositions.