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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