Financial Statements Are Designed to Provide Information About All of the Following

question 109

Multiple Choice

Financial statements are designed to provide information about all of the following except

• A) the economic resources, obligations, and equity of the entity.
• B) changes in economic resources, obligations, and equity of the entity.
• C) management performance evaluations.
• D) economic performance of the entity.

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Definitions:

Subsidiary Ledgers

Detailed ledgers that contain information about specific accounts, supporting the amounts reported in the general ledger.