The FASB's Conceptual Framework for Financial Reporting Objectives Identify _____As

question 218

Multiple Choice

The FASB's conceptual framework for financial reporting objectives identify _____as the principal users of financial reports.

• A)current and potential investors, only
• B)management, only
• C)current and potential employees, only
• D)the Federal, State, and Local governments, only
• E)current and potential investors and creditors

---

Definitions:

Abbreviation

A shortened form of a word or phrase.

Path

A track or way worn by foot traffic or formed by animal or human passage.

Bursa

A fluid-filled sac located near joints that reduces friction between moving parts of the body, such as muscles and tendons.

Bursus

Likely a misspelling of "Bursa," which is a small fluid-filled sac located near the joints that reduces friction between moving parts.