Which of the Following Is Not an Objective of Financial

question 31

Multiple Choice

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

• A)useful for making investment & credit decisions
• B)useful for assessing cash flow prospects
• C)useful for evaluating enterprise resources
• D)all of the above are objectives of financial reporting

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Definitions:

Slope

In mathematics, the slope of a line is a number that describes both the direction and the steepness of the line.

Average Total Cost

Total production expenses per unit of output, calculated by dividing the production costs by the quantity produced.

Mixers

Devices used to blend or mix ingredients together in cooking or in beverage preparation; also refers to non-alcoholic beverages mixed with alcoholic drinks.

Cakes

Baked goods made from ingredients such as flour, sugar, and eggs, often sweet and served as dessert or for special occasions.