Which of the Following Would Not Be Included in FASB

question 84

Multiple Choice

Which of the following would not be included in FASB Statement of Financial Accounting Concepts #4,which identifies the information needs of the users of non-business financial statements?

• A) Format and content of financial statements
• B) Assessing services provided by a non-business organization and its ability to continue to provide those services
• C) Assessing managements' stewardship and performance
• D) Evaluation of an organization's resources, obligations and effects of changes in net resources

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Definitions:

Abstract Thinking

The ability to think about objects, principles, and ideas that are not physically present; involves higher-order reasoning and complex thought processes.

Convergent Thinking

A cognitive process in which a person attempts to find a single, correct solution to a problem.

Minority Characteristics

Features or attributes that distinguish minority groups from the majority, often relating to race, ethnicity, culture, or social status.

Uncompromising

Not willing to make concessions or change one's position.