Which of the Following Is Not an Objective of Generally

question 18

Multiple Choice

Which of the following is not an objective of generally accepted accounting principles?

• A) To minimize the amount of income taxes owed.
• B) To ensure that both preparers and users of financial statements understand the concepts and assumptions used in presenting information within these statements.
• C) To enhance the relevance and reliability of information contained in financial statements.
• D) To increase the comparability of financial statements prepared by different companies.

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Definitions:

Training

A type of informative speaking, in which a trainer seeks to develop specific skills in listeners to help them perform a specific job or task more effectively.

Informative Speaking

The act of delivering speeches aimed at educating the audience on a specific topic, enhancing their knowledge or understanding.

Specific Skills

Particular abilities or expertise that are necessary or beneficial for performing certain tasks or jobs.

Acceptance Speeches

Public addresses given by individuals upon receiving an award or honor, typically expressing gratitude and recognition of others' support.