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:

Code of Ethics

A document outlining the principles and values that guide the behavior of individuals within an organization, setting standards for ethical conduct.

Laissez-Faire Economics

An economic philosophy of free-market capitalism that opposes government intervention. It suggests that economic systems function best when there is minimal interference by government in the affairs of the market.

Commerce Equilibrium

A state in which supply and demand within a marketplace are balanced, resulting in an efficient distribution of resources.

Rational Economics

An approach to understanding economic behavior that assumes individuals act based on logical calculations to maximize utility or profit.