Which of the Following Is Not an Objective of Financial

question 92

Multiple Choice

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

• A) To reflect prospective cash receipts to investors and creditors.
• B) To reflect prospective cash flows to an enterprise.
• C) To reflect resources and claim to resources.
• D) To reflect current stock prices and information concerning stock markets.

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Definitions:

Budget Cuts

The reduction in allocated funding or resources, often resulting in diminished services or programs.

Values

The beliefs or standards that guide an individual's or group's behaviors and decisions.

Important

Having great significance or value; likely to have a profound effect on success, survival, or well-being.

Whistle-Blowing

The act of exposing any kind of information or activity within a private or public organization that is deemed illegal, unethical, or not correct.