Examlex
Which of the following is not a function of an ISP?
Understandability
This refers to the quality of financial information that makes it comprehensible to users who have a reasonable knowledge of business and economic activities.
Liabilities
Financial obligations of a business that represent claims against its assets by outsiders.
Stockholders' Equity
Represents the ownership interest of shareholders in the assets of a company, calculated as total assets minus total liabilities.
Creditors' Risk
The risk to lenders that a borrower will not repay a loan or other credit extended, potentially leading to financial loss.
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