Which of the Following Is Not an Objective of Financial

question 42

Multiple Choice

Which of the following is not an objective of financial reporting?

• A) Provide information useful in assessing amount, timing, and uncertainty of future cash flows.
• B) Provide information useful in making investment and credit decisions.
• C) Provide information about economic resources, claims to resources, and changes in resources and claims.
• D) Provide information to guarantee the enterprise achieves its goals, objectives, and mission.

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Definitions:

Social Interaction

The dynamic process through which people communicate, influence, and relate to each other within a social context.

Informal Linguistic Code

A style of speech characterized by more casual, relaxed grammar and vocabulary, often used among peers or in familiar settings.

Abbreviations

Shortened forms of words or phrases used to simplify communication, often created from the initial letters of the words in a phrase.

ELL

English Language Learners; individuals who are learning the English language in addition to their native language.