Which of the Following Is Not One of the Information

question 98

Short Answer

Which of the following is not one 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 present and potential resource providers in making decisions about the allocation of resources.
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 service efforts and accomplishments.

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Definitions:

Sales Tax

A tax imposed by governments on the sale of goods and services, collected by the retailer at the point of sale and passed on to the government.

Cash Refund

A repayment to a customer in cash for the return of products or for rebate claims.

General Journal

A primary accounting record used to record all non-specific financial transactions of a business in chronological order.

Sales Tax

A consumption tax imposed by the government on the sale of goods and services, collected by the retailer at the point of sale.