Which of the Following Is Not an Objective of Financial

question 92

Multiple Choice

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

• A) To reflect prospective cash receipts to investors and creditors.
• B) To reflect prospective cash flows to an enterprise.
• C) To reflect resources and claim to resources.
• D) To reflect current stock prices and information concerning stock markets.

---

Definitions:

Exosystem

In Bronfenbrenner’s bioecological model, the level of the environment that children may not directly interact with but that influences them nonetheless.

Bronfenbrenner's Model

A theoretical model outlining the social and environmental layers that influence an individual's development, such as family, school, and society.

Affordable

Something that is priced within one's financial means, often implying reasonable or low cost.

Reflective Practice

A self-examination process where practitioners critically assess their own thoughts, decisions, and actions in professional situations to foster continuous learning.