The Primary Objective of External Financial Reporting Is

question 70

Multiple Choice

The primary objective of external financial reporting is:

• A)to enhance the ability of the company to acquire financial capital from external sources.
• B)to accurately provide financial results for tax purposes.
• C)to comply with external regulations and requirements of government and professional associations.
• D)to provide useful information for decision-making,especially investors and creditors.

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Definitions:

Println

The println method in Java is used to print messages to the console or output stream, moving the cursor to the next line after the message is printed.

I/O Device

Input/Output Device; hardware used by a computer to communicate with the external environment, such as keyboards, mice, printers, and monitors.

Stream

An abstraction representing a sequence of data elements made available over time, often used for input and output operations in programming.

FileNotFoundException

An exception thrown in Java indicating that an attempt to open the file denoted by a specified pathname has failed because the file does not exist.