Which of the Following Is an Objective of Financial Reporting

question 16

Multiple Choice

Which of the following is an objective of financial reporting by state and local governments as established by the GASB? Financial reporting should assist users in

• A)Assessing the management skills of top management.
• B)Determining if current-period revenues were sufficient to pay for current-period services.
• C)Evaluating the cash management operations of the government for the year.
• D)Assessing whether the government provided appropriate services to its constituents in the current year.

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Definitions:

Anorexia Nervosa

An eating disorder characterized by an obsessive fear of gaining weight, leading to severely restricted food intake and starvation in pursuit of thinness.

Therapy

Treatment intended to relieve or heal a disorder, often by psychological rather than medical means.

Cognitive-Behaviour Therapy

A psychotherapeutic approach that addresses dysfunctional emotions, maladaptive behaviors, and cognitive processes through a number of goal-oriented, explicit systematic procedures.

Bulimia

An eating disorder characterized by episodes of binge eating followed by compensatory behaviors such as purging.