Of the Following, the Most Important Objective for Financial Reporting

question 58

Multiple Choice

Of the following, the most important objective for financial reporting is to provide information useful for:

• A)Predicting cash flows.
• B)Determining taxable income.
• C)Providing accountability.
• D)Increasing future profits.

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Definitions:

Compression

The technique of reducing the size of data to save space or transmission time.

Ergonomics

How a user sets up his or her computer and other equipment to minimize risk of injury or discomfort.

Design

The process of envisioning and planning the creation of objects, systems, or interactive experiences to fulfill specific functions or intents.