What Is Not an Information Need of Users of Financial

question 36

Multiple Choice

What is not an information need of users of financial information under the IFRS Conceptual Framework?

• A)Information on the amount of cash flows.
• B)Information about the timing of future cash flows.
• C)Information on the uncertainty of cash flows.
• D)Information about the amount of past cash flows.

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Definitions:

Total Surplus

The total benefits society gains, encompassed by the addition of consumer surplus and producer surplus within a market.

Consumer Surplus

The variation between the sum consumers are willing to allocate for a good or service and the sum they actually allocate.

Surplus II

An additional amount of a resource, product, or service that exceeds the amount demanded or utilized.

Consumer Surplus

The discrepancy between what consumers are willing to spend on a good or service and their actual expenditures.