Which of the Following Is NOT an Objective of Financial

question 12

Multiple Choice

Which of the following is NOT an objective of financial reporting?

• A)To provide information about an entity's economic resources, obligations and equity/net
• Assets
• B)To provide information that is useful to investors and creditors and other users in making
• Resource allocation decisions and/or assessing management stewardship
• C)To provide information that is useful in assessing the economic performance of the entity
• D)To provide the most useful information possible even if the costs exceed the benefits

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Definitions:

Rosabeth Moss Kanter

An influential American professor of business at Harvard Business School, known for her research on business management practices, organizational behavior, and gender issues in the workplace.

Managerial Positions

Roles or jobs within an organization that involve overseeing, directing, or administering operations and employees, often involving decision-making and leadership responsibilities.

Reference Group

A social group that serves as a point of reference for individuals in shaping their behavior, expectations, or attitudes.

Evaluates

Evaluating involves systematically assessing something to determine its value, effectiveness, or significance based on specific criteria or standards.