Which of the Following Is Not of the Information Needs

question 100

Multiple Choice

Which of the following is not of the information needs of users of non-business financial statements according to FASB's Statement of Financial Accounting Concepts No.4?

• A) Providing information that is useful to recipients of services provided by the non-business organizations.
• B) Providing information that is useful to present and potential resource providers in assessing the services that a non-business organization provides and its ability to continue to provide those services.
• C) Providing information that is useful to present and potential resource providers in assessing management's stewardship and performance.
• D) Providing information that is useful to present and potential resource providers in evaluating an organization's economic resource, obligations and effects of changes in net resources.

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Definitions:

Surcharges

Surcharges are additional fees or charges added to the cost of a good or service, often to cover increases in operational costs or to provide additional services.

Reciprocity Agreement

An agreement between two parties to provide similar benefits or services to each other, often found in trade and partnership contexts.

List Price

The suggested retail price set by a manufacturer or retailer for a product, often not reflecting discounts or promotions.

Allowances

Financial or material provisions made to cover a specific need, expense, or reduction in price.