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 by state and local governments?

• A) To assist users in assessing the adequacy of systems and controls.
• B) To assist users in assessing financial condition and results of operations.
• C) To assist financial report users in comparing actual financial results with the legally adopted budget.
• D) To assist in determining compliance with finance-related laws, rules, and regulations.

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Definitions:

Popliteal Artery

The artery located at the back of the knee, which supplies blood to the lower leg.

Femoral Artery

A major blood vessel of the lower limb, supplying oxygenated blood to the leg.

External Iliac

A major artery that originates from the common iliac artery to supply blood to the lower limb.

Infarct

An area of tissue that has died due to a lack of blood supply, often a result of obstruction in the blood vessels supplying the area.