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:

In Pari Delicto

A legal doctrine stating that if both parties involved in a lawsuit are equally at fault, the court will not assist either party.

In Pari Delicto

A legal doctrine that prevents a plaintiff who has participated in wrongdoing related to the lawsuit from recovering damages.

Illegal Agreement

A contract or arrangement that is not enforceable by law because it involves activities prohibited by legislation or goes against public policy.

Restatement of Contracts

A comprehensive restatement of the common law of contracts, integrating current legal practices and principles aimed at clarifying and simplifying contract law.