Which of the Following Is Not an Objective of Generally

question 3

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 verifiability of information contained in financial statements.
• D)To increase the comparability of financial statements prepared by different companies.