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.

---

Definitions:

Serrations

The notched or tooth-like projections found on the edge of a blade or tool, which enhance cutting efficiency.

Sterile Gown

A clean, germ-free garment worn by medical staff to prevent contamination during procedures.

Surgery

A medical procedure involving an incision with instruments, performed to repair damage, remove diseased tissue, or improve bodily function.

Surgical Asepsis

Techniques used to maintain a sterile environment during surgical procedures to prevent infection.