Which of the Following Is an Objective of Financial Reporting

question 47

Multiple Choice

Which of the following is an objective of financial reporting by nongovernmental not-for-profit entities as established by the FASB? Financial reporting should provide information that is useful to present and potential resource providers and other users in:

• A)Assessing the types of services provided and the need for those services.
• B)Assessing the services provided and the entity's ability to earn a profit.
• C)Making rational decisions about the allocation of resources to those organizations.
• D)Assessing how managers have managed personnel.

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Definitions:

Parent Training Programs

Interventions designed to teach parents effective strategies for managing their children's behavior problems, improving family dynamics and child outcomes.

Social Learning

The process of learning behaviors through observation of others' actions and the consequences of those actions.

Conduct Problems

A range of anti-social behaviors exhibited by children and adolescents, including aggression and rule-breaking activities.

Suicide

The act of intentionally causing one's own death.