Which of the Following Is Not a Purpose of a Conceptual

question 24

Multiple Choice

Which of the following is not a purpose of a conceptual framework of accounting concepts and financial reporting objectives?

• A)To increase the user's ability to understand financial statements.
• B)To increase financial statement users' confidence in financial reporting.
• C)To provide a foundation for detailed accounting and reporting rules.
• D)To enhance comparability among companies' financial statements.

---

Definitions:

Marginal Costs

The cost associated with producing an additional unit of output in a production process.

Maximize Revenue

The process of adjusting price levels, production quantities, and sales strategies to achieve the highest possible sales income.

Plain English Handbook

A guide aimed at promoting the use of clear, concise, and easily understood language in written communication.

Federal Plain Language Guidelines

A set of standards and recommendations aimed at making federal government publications clear, concise, and easy to understand for the general public.